Smart Grid Contracts Down 8% in Q3 2019

28 Nov 2019

Smart grid contracts in Q3 2019 saw 24 contracts announced, marking a drop of 8% over the last four-quarter average of 26, according to GlobalData's power industry contracts database.

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

  1. Supply & Erection: 22 contracts and a 91.7% share
  2. Project Implementation: one contract and a 4.2% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 4.2% share.

Europe leads smart grid activity in Q3 2019

Comparing contracts activity in smart grid segment in different regions of the globe, Europe held the top position with nine contracts and a share of 37.5% during Q3 2019, followed by North America with eight contracts and a 33.3% share and Asia-Pacific with six contracts and a 25% share.

Solar is leading technology for smart grid contracts in Q3 2019

Among the technologies, solar accounted for five contracts with a 62.5% share, followed by wind with two contracts and a 25% share and thermal with one contract and a 12.5% share.

Smart grid contracts in Q3 2019: Top companies by capacity

The top issuer of smart grid contracts for the quarter in terms of power capacity involved was: University of Massachusetts (United States) with 1MW from one contract.

Smart grid contracts in Q3 2019: Top winners by capacity

The top winner of contracts for the quarter in terms of power capacity involved was: Enel X North America (United States) with 1MW from one contract.

GlobalData | http://www.globaldata.com