Power plant tenders down 25% in March 2020

20 April 2020 (Last Updated April 20th, 2020 14:26)
Power plant tenders down 25% in March 2020

Power plant tenders in March 2020 saw 87 tenders announced, marking a drop of 25% over the last 12-month average of 116, according to GlobalData’s power industry tenders database.

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

  1. Project Implementation: 74 tenders and an 85.1% share
  2. Consulting & Similar Services: six tenders and a 6.9% share
  3. Repair, Maintenance, Upgrade & Others: five tenders and a 5.7% share
  4. Supply & Erection: one tender and a 1.1% share
  5. Power Purchase Agreement: one tender and a 1.1% share.

Asia-Pacific leads power plant activity in March 2020

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 54 tenders and a share of 62.1% during March 2020, followed by North America with 16 tenders and an 18.4% share and Europe with 11 tenders and a 12.6% share.

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Solar is leading technology for power plant tenders in March 2020

Among the technologies, solar accounted for 66 tenders with a 75% share, followed by wind with nine tenders and a 10.2% share and thermal with seven tenders and an 8% share.

Power plant tenders in March 2020: Top companies by capacity

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

  1. New Jersey Board of Public Utilities (United States): 6,400MW from five tenders
  2. Solar Energy Corporation of India (India): 4,066MW from four tenders
  3. Ministry of Energy, Uzbekistan: 1,500MW 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.