Asia-Pacific electricity procurement contracts activity remain flat in Q1 2020

24 April 2020 (Last Updated April 24th, 2020 14:16)

Asia-Pacific electricity procurement contracts activity remain flat in Q1 2020

There were 45 electricity procurement contracts announced in the Asia-Pacific region in Q1 2020, marking a flat growth over the last 12-month average of 45, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q1 2020 with 91 contracts and a 35.1% share, followed by Generation Equipment with 76 contracts and a 29.3% share and Electricity Procurement with 45 contracts and a 17.4% share during the quarter.

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

  1. Power Purchase Agreement: 41 contracts and a 91.1% share
  2. Electricity Supply: four contracts and an 8.9% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in Q1 2020

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 25 contracts with a 58.1% share, followed by wind with ten contracts and a 23.3% share and thermal with four contracts and a 9.3% share.

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Asia-Pacific electricity procurement contracts in Q1 2020: Top companies by capacity

The top issuers of electricity procurement contracts for the quarter in terms of power capacity involved in Asia-Pacific were:

  1. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW from one contract
  2. Tamil Nadu Generation and Distribution (India): 440.64MW from one contract
  3. Telangana Southern Power Distribution (India) and CleanCo Queensland: 400MW capacity from one contract.

Asia-Pacific electricity procurement contracts in Q1 2020: Top winners by capacity

The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:

  1. ACWA Power International (Saudi Arabia): 1,500MW from one contract
  2. Solar Energy Corporation of India (India): 1,190.64MW from four contracts
  3. Acciona (Spain): 400MW 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.

More in-depth reports and analysis on all reported contracts are available for subscribers to GlobalData’s Power database.