Europe power industry contracts activity in Q3 2020 saw 540 contracts announced, marking a rise of 21% over the last four-quarter average of 447, according to GlobalData’s power database.
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Europe power industry contracts in Q3 2020: Ireland leads activity
Looking at contracts by country, Ireland led the activity in Q3 2020 with 94 contracts and a share of 17.4%, up 16.9% over the previous quarter and up 9300% when compared with the last four-quarter average, followed by the UK with 72 contracts and a share of 13.3% and Greece with 54 contracts and a share of 10% during the quarter.
Looking at the last four-quarter average, France held the top spot with 139 contracts, followed by the UK with 40 and Spain with 30 contracts.
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Solar is top technology area for contracts in Q3 2020
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 186 contracts and a 44.9% share, followed by wind with 160 contracts and a 38.6% share and thermal with 36 contracts and an 8.7% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Europe power contracts activity during Q3 2020, with 231 contracts, followed by Generation Equipment (124) and T&D Equipment (101).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Project Implementation: 218 contracts and a 40.4% share
- Supply & Erection: 206 contracts and a 38.1% share
- Repair, Maintenance, Upgrade & Others: 39 contracts and a 7.2% share
- Power Purchase Agreement: 38 contracts and a 7% share
- Consulting & Similar Services: 29 contracts and a 5.4% share
- Electricity Supply: ten contracts and a 1.9% share.
Power contracts in Q3 2020: Top issuers by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Europe were:
- Total (France): 3,300MW from one contract
- Government of Czech Republic: 2,400MW from one contract
- Netherlands Enterprise Agency (Netherlands): 1,518MW capacity from one contract.
Power contracts in Q3 2020: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Europe were:
- Ignis Energia (Spain): 3,300MW from one contract
- CEZ, (Czech Republic): 2,400MW from one contract
- Eneco Holding (Netherlands) and Royal Dutch Shell (Netherlands): 1,518MW 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.
