Oil and gas companies are making moves into the UK energy market.

Hydro technology tenders activity in Q3 2022 saw 33 tenders announced, marking a rise of 18% over the last four-quarter average of 28, according to GlobalData’s power industry tenders database.

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Looking at global power tenders activity divided by the type of technology, hydro held the top position in terms of number of tenders during Q3 2022 with a 60% share.

The proportion of tenders by category in the Hydro technology tracked by GlobalData in the quarter was as follows:

  1. Repair, Maintenance, Upgrade & Others: 23 tenders and a 69.7% share
  2. Project Implementation: six tenders and an 18.2% share
  3. Consulting & Similar Services: four tenders and a 12.1% share.

Europe leads hydro tenders activity in Q3 2022

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Comparing tenders activity in hydro technology in different regions of the globe, Europe held the top position with 14 tenders and a share of 42.4% during Q3 2022, followed by Middle East and Africa with 13 tenders and a 39.4% share and South and Central America with six tenders and an 18.2% share.

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Hydro technology tenders in Q3 2022: Top companies by capacity

The top issuer of tenders in Hydro technology for the quarter in terms of power capacity involved was:Empresa de Electricidade da Madeira (Portugal) with 10.8MW 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.