Asia-Pacific power industry contracts in Q3 2019: Total volume increase revealed
Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Power industry contracts in Asia-Pacific for Q3 2019 down 35%

19 Nov 2019

Power industry contracts in Asia-Pacific for Q3 2019 down 35%

Asia-Pacific power industry contracts activity in Q3 2019 saw 175 contracts announced, marking a drop of 35% over the last four-quarter average of 268, according to GlobalData’s power database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific power industry contracts in Q3 2019: India leads activity

Looking at contracts by country, India led the activity in Q3 2019 with 56 contracts and a share of 32%, down 5.9% over the previous quarter and down 43% when compared with the last four-quarter average, followed by Australia with 25 contracts and a share of 14.3% and China with 12 contracts and a share of 6.9% during the quarter.

Looking at the last four-quarter average, India held the top spot with 98 contracts, followed by Australia with 35 and China with 26 contracts.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is top technology area for contracts in Q3 2019

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 72 contracts and a 46.2% share, followed by thermal with 35 contracts and a 22.4% share and wind with 28 contracts and a 17.9% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Asia-Pacific power contracts activity during Q3 2019, with 62 contracts, followed by Generation Equipment (57) and Electricity Procurement (42).

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

  1. Supply & Erection: 59 contracts and a 33.7% share
  2. Project Implementation: 57 contracts and a 32.6% share
  3. Power Purchase Agreement: 33 contracts and an 18.9% share
  4. Repair, Maintenance, Upgrade & Others: 11 contracts and a 6.3% share
  5. Electricity Supply: eight contracts and a 4.6% share
  6. Consulting & Similar Services: seven contracts and a 4% share.

Power contracts in Q3 2019: Top companies by capacity

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

  1. JERA (Japan) and JXTG Nippon Oil & Energy (Japan): 2,340MW from one contract
  2. Solar Energy Corporation of India (India): 1,369.8MW from five contracts
  3. Van Phong Power: 1,320MW capacity from one contract.

Power contracts in Q3 2019: Top winners by capacity

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

  1. Toshiba Energy Systems & Solutions (Japan): 3,660MW from two contracts
  2. Toshiba Plant Systems & Services (Japan): 2,340MW from one contract
  3. Solar Energy Corporation of India (India): 1,680MW capacity from four contracts.

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.

Free Whitepaper

By clicking the “Submit” button above, you accept and acknowledge that your data will be used by Vega.

We will also collect and use the information you provide for carefully considered and specific purposes, where we believe we have a legitimate interest in doing so, for example to send you communications about similar products and services we offer. We will always give you an option to opt out of any future communications from us. You can find out more about our legitimate interest activity in our privacy policy here. ‘We’ includes Verdict Media Limited and other GlobalData brands as detailed here.