Power plant contracts in January 2022 saw 41 contracts announced, marking a drop of 74% over the last 12-month average of 155, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation: 31 contracts and a 75.6% share
  2. Consulting & Similar Services: seven contracts and a 17.1% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and a 4.9% share
  4. Power Purchase Agreement: one contract and a 2.4% share.

Asia-Pacific leads power plant activity in January 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 18 contracts and a share of 43.9% during January 2022, followed by Europe with 14 contracts and a 34.1% share and Middle East and Africa with five contracts and a 12.2% share.

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Solar is leading technology for power plant contracts in January 2022

Among the technologies, solar accounted for 26 contracts with a 63.4% share, followed by wind with eight contracts and a 19.5% share and thermal with five contracts and a 12.2% share.

Power plant contracts in January 2022: Top companies by capacity

The top issuers of power plant contracts for the month in terms of power capacity involved were:

  1. Korea East-West Power (South Korea): 571MW from one contract
  2. Huaneng Lancang River Hydropower (China): 300MW from two contracts
  3. Buckeye Partners (United States): 270MW capacity from one contract.

Power plant contracts in January 2022: Top winners by capacity

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

  1. China Power Engineering Consulting Group (China): 574MW from five contracts
  2. POSCO Engineering & Construction (South Korea): 571MW from one contract
  3. Black & Veatch (United States): 270MW 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.