Power plant tenders down 18% in Q1 2020

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

Power plant tenders down 18% in Q1 2020

Power plant tenders in Q1 2020 saw 311 tenders announced, marking a drop of 18% over the last four-quarter average of 377, 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. Project Implementation: 249 tenders and an 80.1% share
  2. Repair, Maintenance, Upgrade & Others: 32 tenders and a 10.3% share
  3. Consulting & Similar Services: 28 tenders and a 9% share
  4. Power Purchase Agreement: one tender and a 0.3% share
  5. Supply & Erection: one tender and a 0.3% share.

Asia-Pacific leads power plant activity in Q1 2020

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 193 tenders and a share of 62.1% during Q1 2020, followed by Middle East and Africa with 40 tenders and a 12.9% share and North America with 38 tenders and a 12.2% share.

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Solar is leading technology for power plant tenders in Q1 2020

Among the technologies, solar accounted for 244 tenders with a 77.7% share, followed by thermal with 24 tenders and a 7.6% share and wind with 18 tenders and a 5.7% share.

Power plant tenders in Q1 2020: Top companies by capacity

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

  1. Ministry of Economic Affairs (Taiwan) (Taiwan): 10,000MW from one tender
  2. Solar Energy Corporation of India (India): 6,484MW from eight tenders
  3. New Jersey Board of Public Utilities (United States): 6,400MW capacity from five 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.