Smart grid tenders remain flat in Q2 2020

22 August 2020 (Last Updated August 17th, 2020 12:34)
Smart grid tenders remain flat in Q2 2020

Smart grid tenders in Q2 2020 saw 45 tenders announced, marking a flat growth over the last four-quarter average of 45, 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. Supply & Erection: 31 tenders and a 68.9% share
  2. Repair, Maintenance, Upgrade & Others: seven tenders and a 15.6% share
  3. Project Implementation: six tenders and a 13.3% share
  4. Consulting & Similar Services: one tender and a 2.2% share.

Europe leads smart grid activity in Q2 2020

Comparing tenders activity in smart grid segment in different regions of the globe, Europe held the top position with 18 tenders and a share of 40% during Q2 2020, followed by Asia-Pacific with 13 tenders and a 28.9% share and North America with ten tenders and a 22.2% share.

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Solar is leading technology for smart grid tenders in Q2 2020

Among the technologies, solar accounted for five tenders with a 71.4% share, followed by thermal with one tender and a 14.3% share and wind with one tender and a 14.3% share.

Smart grid tenders in Q2 2020: Top issuer by capacity

The top issuer of smart grid tenders for the quarter in terms of power capacity involved was:Gujarat Power (India) with 6MW 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.