Asia-Pacific generation equipment contracts activity down 24% in November 2020

There were 25 generation equipment contracts announced in the Asia-Pacific region in November 2020, marking a drop of 24% over the last 12-month average of 33, according to GlobalData’s power industry contracts database.

Generation Equipment stood at first place when compared with other power tender categories in the Asia-Pacific region in November 2020 with 25 contracts and a 34.2% share, followed by Power Plant with 24 contracts and a 32.9% share and T&D Project with eight contracts and an 11% share during the month.

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

1. Supply & Erection: 21 contracts and an 84% share
2. Project Implementation: three contracts and a 12% share
3. Repair, Maintenance, Upgrade & Others: one contract and a 4% share.

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

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, solar accounted for nine contracts with a 36% share, followed by thermal with eight contracts and a 32% share and wind with four contracts and a 16% share.

Asia-Pacific generation equipment contracts in November 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. Korea Western Power (South Korea): 728MW from one contract
2. Global Power Generation (Spain): 109.2MW from one contract
3. Korea Water Resources (South Korea): 41MW capacity from one contract.

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

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

1. Doosan Heavy Industries & Construction (South Korea): 728MW from one contract
2. Vestas Asia Pacific Wind Technology Pte. (Singapore): 109.2MW from one contract
3. Hanwha Q CELLS (South Korea): 41MW capacity 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.