Power plant tenders up 13% in Q4 2020

15 January 2021 (Last Updated January 15th, 2021 07:38)

Power plant tenders up 13% in Q4 2020
Oil and gas companies are making moves into the UK energy market.

Power plant tenders in Q4 2020 saw 403 tenders announced, marking a rise of 13% over the last four-quarter average of 358, 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: 326 tenders and an 80.9% share
  2. Consulting & Similar Services: 43 tenders and a 10.7% share
  3. Repair, Maintenance, Upgrade & Others: 31 tenders and a 7.7% share
  4. Others: three tenders and a 0.7% share.

Asia-Pacific leads power plant activity in Q4 2020

Comparing tenders activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 208 tenders and a share of 51.6% during Q4 2020, followed by Middle East and Africa with 77 tenders and a 19.1% share and Europe with 69 tenders and a 17.1% share.

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Solar is leading technology for power plant tenders in Q4 2020

Among the technologies, solar accounted for 344 tenders with an 82.7% share, followed by hydro with 25 tenders and a 6% share and wind with 17 tenders and a 4.1% share.

Power plant tenders in Q4 2020: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy: 8,500MW from one tender
  2. Solar Energy Corporation of India (India): 1,220MW from two tenders
  3. Bangalore Electricity Supply (India): 1,060MW 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.