Power plant contracts in May 2022 saw 101 contracts announced, marking a drop of 23% over the last 12-month average of 131, 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: 76 contracts and a 75.2% share
  2. Consulting & Similar Services: ten contracts and a 9.9% share
  3. Power Purchase Agreement: eight contracts and a 7.9% share
  4. Repair, Maintenance, Upgrade & Others: seven contracts and a 6.9% share.

Asia-Pacific leads power plant activity in May 2022

Comparing contracts activity in power plant segment in different regions of the globe, Asia-Pacific held the top position with 61 contracts and a share of 60.4% during May 2022, followed by Europe with 16 contracts and a 15.8% share and North America with 13 contracts and a 12.9% share.

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Solar is leading technology for power plant contracts in May 2022

Among the technologies, solar accounted for 63 contracts with a 61.2% share, followed by wind with 20 contracts and a 19.4% share and thermal with 11 contracts and a 10.7% share.

Power plant contracts in May 2022: Top companies by capacity

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

  1. Neom (Saudi Arabia): 4,300MW from one contract
  2. China Southern Power Grid (China): 1,200MW from one contract
  3. SJVN (India): 1,000MW capacity from one contract.

Power plant contracts in May 2022: Top winners by capacity

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

  1. Larsen & Toubro (Oman) (Oman): 4,300MW from one contract
  2. China Energy Engineering (China): 2,523.99MW from 11 contracts
  3. PowerChina Hubei Engineering (China): 2,450MW capacity from two contracts.

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.