Thermal technology contracts activity in February 2020 saw 22 contracts announced, marking a drop of 19% over the last 12-month average of 27, according to GlobalData’s power industry contracts database.

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Gas was the top category in thermal technology in terms of number of contracts for the month, accounting for 18 contracts and an 81.8% share, followed by Oil with two contracts and a 9.1% share. Coal stood in third place with two contracts and a 9.1% share.

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Looking at global power contracts activity divided by the type of technology, thermal held the third position in terms of number of contracts during February 2020 with an 11.1% share.

The proportion of contracts by category in the Thermal technology tracked by GlobalData in the month was as follows:

  1. Supply & Erection: eight contracts and a 36.4% share
  2. Project Implementation: six contracts and a 27.3% share
  3. Repair, Maintenance, Upgrade & Others: four contracts and an 18.2% share
  4. Power Purchase Agreement: three contracts and a 13.6% share
  5. Consulting & Similar Services: one contract and a 4.5% share.

Asia-Pacific leads thermal contracts activity in February 2020

Comparing contracts activity in thermal technology in different regions of the globe, Asia-Pacific held the top position with six contracts and a share of 27.3% during February 2020, followed by Europe with six contracts and a 27.3% share and Middle East and Africa with six contracts and a 27.3% share.

In fourth place was South and Central America with four contracts and an 18.2% share.

Thermal technology contracts in February 2020: Top companies by capacity

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

  1. Emirates Water and Electricity (United Arab Emirates): 7,200MW from three contracts
  2. AzerEnerji JS (Azerbaijan): 1,000MW from one contract
  3. DISNORTE-DISSUR (United States): 300MW capacity from one contract.

Thermal technology contracts in February 2020: Top winners by capacity

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

  1. Marubeni (Japan): 4,800MW from two contracts
  2. Samsung C&T (South Korea): 2,400MW from one contract
  3. Ansaldo Energia (Italy): 1,000MW 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.