Smart grid tenders down 31% in Q1 2020
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.
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The proportion of tenders by category tracked by GlobalData in the quarter was as follows:
- Supply & Erection: 15 tenders and a 45.5% share
- Consulting & Similar Services: ten tenders and a 30.3% share
- 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.
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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:
- Portsmouth City Council (United Kingdom): 0.25MW from one tender
- 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.