Asia-Pacific electricity procurement contracts activity down 42% in Q4 2019

24 February 2020 (Last Updated February 24th, 2020 06:40)

Asia-Pacific electricity procurement contracts activity down 42% in Q4 2019

There were 33 electricity procurement contracts announced in the Asia-Pacific region in Q4 2019, marking a drop of 42% over the last 12-month average of 57, 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 Q4 2019 with 93 contracts and a 35.5% share, followed by Generation Equipment with 81 contracts and a 30.9% share and Electricity Procurement with 33 contracts and a 12.6% share during the quarter.

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

  1. Power Purchase Agreement: 29 contracts and an 87.9% share
  2. Electricity Supply: three contracts and a 9.1% share
  3. Project Implementation: one contract and a 3% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in Q4 2019

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 23 contracts with a 71.9% share, followed by wind with four contracts and a 12.5% share and thermal with three contracts and a 9.4% share.

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Asia-Pacific electricity procurement contracts in Q4 2019: 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. Electricity Generating Authority of Thailand (Thailand): 1,225MW from one contract
  2. Guam Power Authority (United States): 248MW from two contracts
  3. Origin Energy (Australia): 240MW capacity from one contract.

Asia-Pacific electricity procurement contracts in Q4 2019: Top winners by capacity

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

  1. Xayaburi Power (Laos): 1,225MW from one contract
  2. Engie Services Australia & New Zealand Pty (Australia): 240MW from one contract
  3. Maoneng Group (Australia) and Solar Energy Corporation of India (India): 200MW 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.