Asia-Pacific generation equipment contracts activity down 4% in July 2020

21 August 2020 (Last Updated August 21st, 2020 05:18)

Asia-Pacific generation equipment contracts activity down 4% in July 2020

There were 26 generation equipment contracts announced in the Asia-Pacific region in July 2020, marking a drop of 4% over the last 12-month average of 27, 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 July 2020 with 36 contracts and a 40.9% share, followed by Generation Equipment with 26 contracts and a 29.5% share and Electricity Procurement with 12 contracts and a 13.6% share during the month.

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

  1. Supply & Erection: 19 contracts and a 73.1% share
  2. Project Implementation: four contracts and a 15.4% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and an 11.5% share.

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

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 11 contracts with a 42.3% share, followed by thermal with seven contracts and a 26.9% share and biopower with three contracts and an 11.5% share.

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Asia-Pacific generation equipment contracts in July 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. Xinghai Group: 250MW from one contract
  2. Ecotech Tra Vinh Renewable Energy (Vietnam): 78MW from one contract.

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

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

  1. Risen Energy (China): 250MW from one contract
  2. Siemens Gamesa Renewable Energy (Spain) and Powerchina Huadong Engineering (China): 78MW 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.