Generation equipment contracts in Q1 2022 saw 168 contracts announced, marking a drop of 39% over the last four-quarter average of 275, 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: 135 contracts and an 80.4% share
  2. Project Implementation: 17 contracts and a 10.1% share
  3. Repair, Maintenance, Upgrade & Others: 13 contracts and a 7.7% share
  4. Consulting & Similar Services: three contracts and a 1.8% share.

Europe leads generation equipment activity in Q1 2022

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 62 contracts and a share of 36.9% during Q1 2022, followed by Asia-Pacific with 60 contracts and a 35.7% share and North America with 19 contracts and an 11.3% share.

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Solar is leading technology for generation equipment contracts in Q1 2022

Among the technologies, solar accounted for 62 contracts with a 37.1% share, followed by wind with 52 contracts and a 31.1% share and thermal with 30 contracts and an 18% share.

Generation equipment contracts in Q1 2022: Top companies by capacity

The top issuers of generation equipment contracts for the quarter in terms of power capacity involved were:

  1. Fujian Sangang Minguang Group: 160MW from one contract
  2. A2A Gencogas: 110MW from one contract
  3. Housing Development Board and Singapore Economic Development Board (Singapore): 70MW capacity from one contract.

Generation equipment contracts in Q1 2022: Top winners by capacity

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

  1. China Power Engineering Consulting Group (China): 210MW from two contracts
  2. Shanghai Electric Power Construction (China): 150MW from one contract
  3. Wartsila (Finland): 110MW 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.