Power industry contracts in Asia-Pacific for Q3 2020 up 13%

Asia-Pacific power industry contracts activity in Q3 2020 saw 286 contracts announced, marking a rise of 13% over the last four-quarter average of 253, according to GlobalData’s power database.

Asia-Pacific power industry contracts in Q3 2020: India leads activity

Looking at contracts by country, India led the activity in Q3 2020 with 69 contracts and a share of 24.1%, up 7.2% over the previous quarter and up 21% when compared with the last four-quarter average, followed by China with 46 contracts and a share of 16.1% and Australia with 39 contracts and a share of 13.6% during the quarter.

Looking at the last four-quarter average, India held the top spot with 57 contracts, followed by China with 39 and Australia with 22 contracts.

Solar is top technology area for contracts in Q3 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 112 contracts and a 41.3% share, followed by wind with 79 contracts and a 29.2% share and thermal with 36 contracts and a 13.3% 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 2020, with 114 contracts, followed by Generation Equipment (96) and Electricity Procurement (62).

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

1. Supply & Erection: 100 contracts and a 35% share
2. Project Implementation: 85 contracts and a 29.7% share
3. Power Purchase Agreement: 55 contracts and a 19.2% share
4. Consulting & Similar Services: 25 contracts and an 8.7% share
5. Repair, Maintenance, Upgrade & Others: 14 contracts and a 4.9% share
6. Electricity Supply: six contracts and a 2.1% share
7. Others: one contract and a 0.3% share.

Power contracts in Q3 2020: Top issuers by capacity

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

1. Taiwan Power (Taiwan): 6,500MW from one contract
2. Solar Energy Corporation of India (India): 4,981.95MW from five contracts
3. Binh Thuan People’s Committee: 3,500MW capacity from one contract.

Power contracts in Q3 2020: Top winners by capacity

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

1. General Electric International (United States): 6,709MW from two contracts
2. CTCI (Taiwan): 6,500MW from one contract
3. Azure Power (India) and Northwest Electric Power Design Institute (China): 4,000MW 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.