Asia-Pacific generation equipment contracts activity down 13% in December 2020

There were 28 generation equipment contracts announced in the Asia-Pacific region in December 2020, marking a drop of 13% over the last 12-month average of 32, 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 December 2020 with 32 contracts and a 34% share, followed by Generation Equipment with 28 contracts and a 29.8% share and Electricity Procurement with 14 contracts and a 14.9% share during the month.

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

1. Supply & Erection: 22 contracts and a 78.6% share
2. Repair, Maintenance, Upgrade & Others: three contracts and a 10.7% share
3. Consulting & Similar Services: two contracts and a 7.1% share
4. Project Implementation: one contract and a 3.6% share.

Solar is top technology for Asia-Pacific generation equipment contracts in December 2020

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, solar accounted for ten contracts with a 35.7% share, followed by wind with eight contracts and a 28.6% share and thermal with seven contracts and a 25% share.

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.