Global power industry tenders for March 2020 down 30%

17 April 2020 (Last Updated April 17th, 2020 15:10)

Global power industry tenders for March 2020 down 30%

Power industry tenders activity in March 2020 saw 677 tenders announced, marking a drop of 30% over the last 12-month average of 973, according to GlobalData’s power database.

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Power industry tenders in March 2020: Asia-Pacific leads global activity

On comparing tenders activity in different regions of the globe, Asia-Pacific held the top position with 398 tenders and a share of 58.8% during March 2020, followed by North America with 175 tenders and a 25.8% share and Europe with 53 tenders and a 7.8% share.

In fourth place was Middle East and Africa with 40 tenders and a 5.9% share and in fifth place was South and Central America with 11 tenders and a 1.6% share.

On the basis of the last 12-month average, Asia-Pacific held a lead over others with 609 tenders, followed by North America with 143.

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Thermal tops by technology in March 2020

Looking at tenders by the type of technology, thermal accounted for the largest proportion with 108 tenders and a 50.5% share, followed by solar with 82 tenders and a 38.3% share and wind with 12 tenders and a 5.6% share.

Looking at power industry tenders divided by segment as tracked by GlobalData, T&D Equipment was the most popular segment during March 2020, with 264 tenders, followed by T&D Project (204) and Generation Equipment (102).

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

  1. Supply & Erection: 321 tenders and a 47.4% share
  2. Project Implementation: 232 tenders and a 34.3% share
  3. Repair, Maintenance, Upgrade & Others: 102 tenders and a 15.1% share
  4. Consulting & Similar Services: 12 tenders and a 1.8% share
  5. Electricity Supply: six tenders and a 0.9% share
  6. Power Purchase Agreement: four tenders and a 0.6% share.

Power tenders in March 2020: Top companies by capacity

The top issuers of tenders for the month in terms of power capacity involved were:

  1. Solar Energy Corporation of India (India): 9,066MW from five tenders
  2. New Jersey Board of Public Utilities (United States): 6,400MW from five tenders
  3. Gujarat Urja Vikas Nigam (India): 2,200MW capacity from two tenders.

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.