Energy storage tenders down 7% in Q2 2020

22 August 2020 (Last Updated August 17th, 2020 12:34)

Energy storage tenders down 7% in Q2 2020

Energy storage tenders in Q2 2020 saw 63 tenders announced, marking a drop of 7% over the last four-quarter average of 68, according to GlobalData’s power industry tenders database.

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The proportion of tenders by category tracked by GlobalData in the quarter was as follows:

  1. Supply & Erection: 42 tenders and a 66.7% share
  2. Project Implementation: 12 tenders and a 19% share
  3. Power Purchase Agreement: five tenders and a 7.9% share
  4. Consulting & Similar Services: three tenders and a 4.8% share
  5. Repair, Maintenance, Upgrade & Others: one tender and a 1.6% share.

North America leads energy storage activity in Q2 2020

Comparing tenders activity in energy storage segment in different regions of the globe, North America held the top position with 45 tenders and a share of 71.4% during Q2 2020, followed by Asia-Pacific with nine tenders and a 14.3% share and Europe with four tenders and a 6.3% share.

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Solar is leading technology for energy storage tenders in Q2 2020

Among the technologies, solar accounted for 16 tenders with a 55.2% share, followed by wind with six tenders and a 20.7% share and hydro with three tenders and a 10.3% share.

Energy storage tenders in Q2 2020: Top issuers by capacity

The top issuers of energy storage tenders for the quarter in terms of power capacity involved were:

  1. Dominion Energy (United States): 1,250MW from one tender
  2. The AES (United States): 1,000MW from one tender
  3. Appalachian Power (United States): 50MW capacity from one tender.

All publicly-announced tenders are included in this analysis drawn from GlobalData’s Power database, which covers power plants, T&D projects, equipment markets, analysis reports, capacity and generation, and tracks tenders and contracts on a real-time basis.

More in-depth reports and analysis on all reported tenders are available for subscribers to GlobalData’s Power database.