Smart grid tenders down 31% in Q1 2020

25 April 2020 (Last Updated April 20th, 2020 14:42)

Smart grid tenders down 31% in Q1 2020
Oil and gas companies are making moves into the UK energy market.

Smart grid tenders in Q1 2020 saw 33 tenders announced, marking a drop of 31% over the last four-quarter average of 48, according to GlobalData’s power industry tenders database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Supply & Erection: 15 tenders and a 45.5% share
  2. Consulting & Similar Services: ten tenders and a 30.3% share
  3. Project Implementation: eight tenders and a 24.2% share.

Europe leads smart grid activity in Q1 2020

Comparing tenders activity in smart grid segment in different regions of the globe, Europe held the top position with 12 tenders and a share of 36.4% during Q1 2020, followed by Middle East and Africa with seven tenders and a 21.2% share and Asia-Pacific with seven tenders and a 21.2% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is leading technology for smart grid tenders in Q1 2020

Among the technologies, solar accounted for three tenders with a 75% share, followed by hydro with one tender and a 25% share.

Smart grid tenders in Q1 2020: Top companies by capacity

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

  1. Portsmouth City Council (United Kingdom): 0.25MW from one tender
  2. Kwikwasut’inuxw Haxwa mis First Nations: 0.22MW 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.