Smart grid contracts in Q1 2021 saw 31 contracts announced, marking a drop of 52% over the last four-quarter average of 65, according to GlobalData’s power industry contracts database.

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

  1. Supply & Erection: 25 contracts and an 80.6% share
  2. Project Implementation: five contracts and a 16.1% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 3.2% share.

Europe leads smart grid activity in Q1 2021

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with 13 contracts and a share of 41.9% during Q1 2021, followed by North America with nine contracts and a 29% share and Middle East and Africa with five contracts and a 16.1% share.

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Wind is leading technology for smart grid contracts in Q1 2021

Among the technologies, wind accounted for four contracts with a 40% share, followed by solar with three contracts and a 30% share and thermal with three contracts and a 30% share.

Smart grid contracts in Q1 2021: Top issuers by capacity

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

  1. NTPC (India): 90MW from one contract
  2. U.S. Navy (United States): 19MW from one contract
  3. ENERGODATA: 5.2MW capacity from one contract.

Smart grid contracts in Q1 2021: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved were:

  1. Amara Raja Power Systems (India): 90MW from one contract
  2. Ameresco (United States): 19MW from one contract
  3. Leclanche (Switzerland): 5.2MW capacity from one contract.

All publicly-announced contracts 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 contracts are available for subscribers to GlobalData’s Power database.