Asia-Pacific generation equipment contracts activity up 77% in March 2020

22 April 2020 (Last Updated April 22nd, 2020 15:54)

Asia-Pacific generation equipment contracts activity up 77% in March 2020

There were 39 generation equipment contracts announced in the Asia-Pacific region in March 2020, marking a rise of 77% over the last 12-month average of 22, 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 March 2020 with 39 contracts and a 37.1% share, followed by Power Plant with 34 contracts and a 32.4% share and Electricity Procurement with 14 contracts and a 13.3% share during the month.

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

  1. Supply & Erection: 35 contracts and an 89.7% share
  2. Project Implementation: two contracts and a 5.1% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and a 5.1% share.

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

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 16 contracts with a 41% share, followed by solar with 14 contracts and a 35.9% share and thermal with seven contracts and a 17.9% share.

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Asia-Pacific generation equipment contracts in March 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:JERA (Japan) with 1,950MW from one contract.

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

The top winner of contracts for the month in terms of power capacity involved in Asia-Pacific was:Mitsubishi Electric (Japan) and Mitsubishi Hitachi Power Systems (Japan) with 1,950MW 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.