Asia-Pacific generation equipment contracts activity up 35% in April 2020

21 May 2020 (Last Updated May 21st, 2020 14:27)

Asia-Pacific generation equipment contracts activity up 35% in April 2020

There were 31 generation equipment contracts announced in the Asia-Pacific region in April 2020, marking a rise of 35% over the last 12-month average of 23, according to GlobalData’s power industry contracts database.

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Generation Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in April 2020 with 31 contracts and a 43.1% share, followed by Power Plant with 25 contracts and a 34.7% share and Electricity Procurement with six contracts and an 8.3% share during the month.

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

  1. Supply & Erection: 28 contracts and a 90.3% share
  2. Consulting & Similar Services: one contract and a 3.2% share
  3. Project Implementation: one contract and a 3.2% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 3.2% share.

Wind is top technology for Asia-Pacific generation equipment contracts in April 2020

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 15 contracts with a 48.4% share, followed by solar with seven contracts and a 22.6% share and thermal with six contracts and a 19.4% share.

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Asia-Pacific generation equipment contracts in April 2020: Top companies by capacity

The top issuer of generation equipment contracts for the month in terms of power capacity involved in Asia-Pacific was:Beijing Energy Investment Holding (China) with 92MW from one contract.

Asia-Pacific generation equipment contracts in April 2020: Top winners by capacity

The top winner of contracts for the month in terms of power capacity involved in Asia-Pacific was:LONGi Solar Technology (China) with 92MW 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.