Generation equipment contracts in Q1 2020 saw 224 contracts announced, marking a drop of 3% over the last four-quarter average of 232, 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: 186 contracts and an 83% share
  2. Repair, Maintenance, Upgrade & Others: 22 contracts and a 9.8% share
  3. Project Implementation: 13 contracts and a 5.8% share
  4. Consulting & Similar Services: three contracts and a 1.3% share.

Europe leads generation equipment activity in Q1 2020

Comparing contracts activity in generation equipment segment in different regions of the globe, Europe held the top position with 84 contracts and a share of 37.5% during Q1 2020, followed by Asia-Pacific with 76 contracts and a 33.9% share and North America with 37 contracts and a 16.5% share.

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Wind is leading technology for generation equipment contracts in Q1 2020

Among the technologies, wind accounted for 79 contracts with a 35.6% share, followed by solar with 57 contracts and a 25.7% share and thermal with 48 contracts and a 21.6% share.

Generation equipment contracts in Q1 2020: Top companies by capacity

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

  1. JERA (Japan): 1,950MW from one contract
  2. PGE Polska Grupa Energetyczna (Poland): 1,400MW from one contract
  3. Iren Energia (Italy): 430MW capacity from one contract.

Generation equipment contracts in Q1 2020: Top winners by capacity

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

  1. Mitsubishi Electric (Japan) and Mitsubishi Hitachi Power Systems (Japan): 1,950MW from one contract
  2. Polimex Mostostal (Poland) and GE Power (United States): 1,400MW from one contract
  3. Ansaldo Energia (Italy): 430MW 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.