Asia-Pacific generation equipment contracts activity up 90% in November 2019

26 December 2019 (Last Updated December 26th, 2019 04:15)

Asia-Pacific generation equipment contracts activity up 90% in November 2019

There were 38 generation equipment contracts announced in the Asia-Pacific region in November 2019, marking a rise of 90% over the last 12-month average of 20, 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 November 2019 with 38 contracts and a 38% share, followed by Power Plant with 37 contracts and a 37% share and Electricity Procurement with eight contracts and an 8% share during the month.

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

  1. Supply & Erection: 33 contracts and an 86.8% share
  2. Repair, Maintenance, Upgrade & Others: three contracts and a 7.9% share
  3. Project Implementation: two contracts and a 5.3% share.

Thermal is top technology for Asia-Pacific generation equipment contracts in November 2019

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, thermal accounted for 13 contracts with a 35.1% share, followed by wind with ten contracts and a 27% share and solar with ten contracts and a 27% share.

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Asia-Pacific generation equipment contracts in November 2019: Top companies by capacity

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

  1. China Huaneng Group (China): 715MW from one contract
  2. Mercury NZ (New Zealand): 103MW from one contract.

Asia-Pacific generation equipment contracts in November 2019: Top winners by capacity

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

  1. GE Renewable Energy (France): 715MW from one contract
  2. Vestas Asia Pacific Wind Technology Pte. (Singapore): 103MW 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.