Asia-Pacific generation equipment contracts activity up 20% in June 2020

30 July 2020 (Last Updated August 3rd, 2020 14:11)
Asia-Pacific generation equipment contracts activity up 20% in June 2020

There were 30 generation equipment contracts announced in the Asia-Pacific region in June 2020, marking a rise of 20% over the last 12-month average of 25, 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 June 2020 with 30 contracts and a 36.6% share, followed by Power Plant with 28 contracts and a 34.1% share and Electricity Procurement with 13 contracts and a 15.9% 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 76.7% share
  2. Repair, Maintenance, Upgrade & Others: five contracts and a 16.7% share
  3. Project Implementation: two contracts and a 6.7% share.

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

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 14 contracts with a 46.7% share, followed by solar with eight contracts and a 26.7% share and thermal with five contracts and a 16.7% share.

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Asia-Pacific generation equipment contracts in June 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:Refrigeration Electrical Engineering (Vietnam) with 48MW from one contract.

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

The top winner of contracts for the month in terms of power capacity involved in Asia-Pacific was:Vestas Asia Pacific Wind Technology Pte. (Singapore) with 48MW 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.