Wednesday, 04 August 2021 10:21

North America generation equipment contracts activity down 27% in Q2 2021

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There were 40 generation equipment contracts announced in the North America region in Q2 2021, marking a drop of 27% over the last four-quarter average of 55, according to GlobalData’s power industry contracts database.

2017 04 20 114457Electricity Procurement stood at first place when compared with other power tender categories in the North America region in Q2 2021 with 89 contracts and a 44.3% share, followed by Power Plant with 41 contracts and a 20.4% share and Generation Equipment with 40 contracts and a 19.9% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was as follows:

  1. Supply & Erection: 27 contracts and a 67.5% share
  2. Repair, Maintenance, Upgrade & Others: 12 contracts and a 30% share
  3. Project Implementation: one contract and a 2.5% share.

Solar is top technology for North America generation equipment contracts in Q2 2021

Looking at generation equipment contracts by the type of technology in the North America region, solar accounted for 13 contracts with a 32.5% share, followed by thermal with 12 contracts and a 30% share and wind with nine contracts and a 22.5% share.

North America generation equipment contracts in Q2 2021: Top issuers by capacity

The top issuer of generation equipment contracts for the quarter in terms of power capacity involved in North America was: Concord Pacific Developments (Canada) with 106MW from one contract.

North America generation equipment contracts in Q2 2021: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved in North America was: Gp Joule Canada (Canada) with 106MW 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.

About GlobalData 

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis, and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors.

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