Friday, 23 October 2020 06:39

Middle East and Africa power industry contracts down 3% in Q3 2020

Written by
Rate this item
(0 votes)

Middle East and Africa power industry contracts activity in Q3 2020 saw 84 contracts announced, marking a drop of 3% over the last four-quarter average of 87, according to GlobalData’s power database.

Middle East and Africa power industry contracts in Q3 2020: Iran leads activity

2017 04 20 114457Looking at contracts by country, Iran led the activity in Q3 2020 with 13 contracts and a share of 15.5%, up 5.9% over the previous quarter and up 44% when compared with the last four-quarter average, followed by the United Arab Emirates with 13 contracts and a share of 15.5% and Saudi Arabia with 11 contracts and a share of 13.1% during the quarter.

Looking at the last four-quarter average, Saudi Arabia held the top spot with ten contracts, followed by Iran with nine and Egypt with seven 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 22 contracts and a 42.3% share, followed by thermal with 15 contracts and a 28.8% share and wind with nine contracts and a 17.3% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, T&D Project was the most popular segment in Middle East and Africa power contracts activity during Q3 2020, with 31 contracts, followed by Power Plant (24) and Generation Equipment (16).

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

  • Project Implementation: 32 contracts and a 38.1% share
  • Supply & Erection: 20 contracts and a 23.8% share
  • Consulting & Similar Services: 17 contracts and a 20.2% share
  • Power Purchase Agreement: 11 contracts and a 13.1% share
  • Repair, Maintenance, Upgrade & Others: three contracts and a 3.6% share
  • Electricity Supply: one contract and a 1.2% share.

Power contracts in Q3 2020: Top issuers by capacity

The top issuers of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

  • Emirates Water and Electricity (United Arab Emirates): 2,000MW from one contract
  • Societe Nationale d’Electricite (Democratic Republic of the Congo): 1,000MW from one contract
  • ACWA Power International (Saudi Arabia): 900MW capacity from one contract.

Power contracts in Q3 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Middle East and Africa were:

  • EDF Renewables (France): 2,087.2MW from two contracts
  • Jinko Power Technology (China), Abu Dhabi Future Energy (United Arab Emirates) and Abu Dhabi National Energy (United Arab Emirates): 2,000MW from one contract
  • SkyPower (Canada): 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. 

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.

Read 567 times Last modified on Friday, 12 March 2021 12:28