Global power industry contracts down 9pc in Nov

Global power industry contracts down 9pc in Nov

Power industry contracts activity in November 2019 saw 269 contracts announced, marking a drop of nine per cent over the last 12-month average of 296, according to the power database of GlobalData, a leading analytics and consulting company.

On comparing contracts activity in different regions of the globe, Asia-Pacific held the top position with 91 contracts and a share of 33.8 per cent during November 2019, followed by Europe with 78 contracts and a 29 per cent share and North America with 56 contracts and a 20.8 per cent share.

In fourth place was Middle East and Africa with 25 contracts and a 9.3 per cent share and in fifth place were South and Central America with 19 contracts and a 7.1 per cent share.

On the basis of the last 12-month average, Europe held a lead over others with 116 contracts, followed by Asia-Pacific with 76.

Wind tops by technology in November

Looking at contracts by the type of technology, wind accounted for the largest proportion with 86 contracts and a 36.8 per cent share, followed by solar with 79 contracts and a 33.8 per cent share and thermal with 42 contracts and a 17.9 per cent share.

Looking at power industry contracts divided by