Asia-Pacific generation equipment contracts activity up 7% in August 2020

There were 29 generation equipment contracts announced in the Asia-Pacific region in August 2020, marking a rise of 7% over the last 12-month average of 27, according to GlobalData’s power industry contracts database.

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in August 2020 with 31 contracts and a 30.1% share, followed by Generation Equipment with 29 contracts and a 28.2% share and Electricity Procurement with 21 contracts and a 20.4% share during the month.

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

1. Supply & Erection: 23 contracts and a 79.3% share
2. Repair, Maintenance, Upgrade & Others: four contracts and a 13.8% share
3. Project Implementation: two contracts and a 6.9% share.

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

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 18 contracts with a 60% share, followed by solar with six contracts and a 20% share and thermal with two contracts and a 6.7% share.

Asia-Pacific generation equipment contracts in August 2020: Top issuers by capacity

The top issuers of generation equipment contracts for the month in terms of power capacity involved in Asia-Pacific were:

1. Renewable Energy Systems (United Kingdom): 209MW from one contract
2. Nexif Energy Management Pte (Singapore): 86MW from one contract.

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

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

1. General Electric International (United States): 209MW from one contract
2. Vestas Asia Pacific Wind Technology Pte. (Singapore): 86MW 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.