There were 21 T&D equipment contracts announced in the Europe region in Q3 2019, marking a drop of 28% over the last 12-month average of 29, according to GlobalData’s power industry contracts database.
Power Plant stood at first place when compared with other power tender categories in the Europe region in Q3 2019 with 188 contracts and a 58% share, followed by Generation Equipment with 70 contracts and a 21.6% share and Electricity Procurement with 23 contracts and a 7.1% share during the quarter.
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
“- Supply and erection: 16 contracts and a 76.2% share
“- Project implementation: three contracts and a 14.3% share
“- Repair, maintenance, upgrade and others: two contracts and a 9.5% share.
“- Wind is top technology for Europe T&D equipment contracts in Q3 2019
Looking at T&D equipment contracts by the type of technology in the Europe region, wind accounted for four contracts with a 50% share, followed by solar with three contracts and a 37.5% share and hydro with one contract and a 12.5% share.