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Europe power industry contracts up 21% in Q3 2020


October 22, 2020 ( Newswire) 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.

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.

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:

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:

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Notes to Editors

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 timelier 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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