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

T&D equipment contracts in Q4 2020 saw 125 contracts announced, marking a drop of 9% over the last four-quarter average of 138, 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: 106 contracts and an 84.8% share
  2. Project Implementation: 15 contracts and a 12% share
  3. Repair, Maintenance, Upgrade & Others: four contracts and a 3.2% share.

Europe leads T&D equipment activity in Q4 2020

Comparing contracts activity in T&D equipment segment in different regions of the globe, Europe held the top position with 85 contracts and a share of 68% during Q4 2020, followed by Asia-Pacific with 19 contracts and a 15.2% share and Middle East and Africa with eight contracts and a 6.4% share.

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Wind is leading technology for T&D equipment contracts in Q4 2020

Among the technologies, wind accounted for 15 contracts with a 44.1% share, followed by solar with ten contracts and a 29.4% share and hydro with five contracts and a 14.7% share.

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.