Data and analysis company GlobalData has revealed investment in hydro technology is down 40 per cent in Q3 2019 compared to the last four-quarter average, and biopower technology investment is down 18 per cent.
This is in comparison to global thermal technology tenders, which were down 32 per cent in the same period.
Hydro technology contracts activity in Q3 2019 saw 27 contracts announced, marking a drop of 40 per cent over the last four-quarter average of 45, according to GlobalData’s power industry contracts database.
Looking at global power contracts activity divided by the type of technology, hydro held the fifth position in terms of number of contracts during Q3 2019 with a four per cent share.
Related article: Elecnor awarded USD 45 million substation contract in Ghana
South and Central America held the top position for hydro investment with eight contracts and a share of 29.6 per cent during Q3 2019, followed by Asia-Pacific with seven contracts and a 25.9 per cent share and Europe with six contracts and a 22.2 per cent share.
Biopower technology contracts activity in Q3 2019 saw 27 contracts announced, marking a drop of 18 per cent over the last four-quarter average of 33.
Looking at global power contracts activity divided by the type of technology, biopower held the fourth position in terms of number of contracts during Q3 2019 with a four per cent share.
Asia-Pacific was the top position for investment with nine contracts and a share of 33.3 per cent during Q3 2019, followed by South and Central America with nine contracts and a 33.3 per cent share and Europe with five contracts and an 18.5 per cent share.
