Asia-Pacific power plant contracts activity down 13% in June 2020

30 July 2020 (Last Updated July 23rd, 2020 16:30)

Asia-Pacific power plant contracts activity down 13% in June 2020

There were 28 power plant contracts announced in the Asia-Pacific region in June 2020, marking a drop of 13% over the last 12-month average of 32, 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 June 2020 with 30 contracts and a 36.6% share, followed by Power Plant with 28 contracts and a 34.1% share and Electricity Procurement with 13 contracts and a 15.9% share during the month.

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

  1. Project Implementation: 22 contracts and a 78.6% share
  2. Consulting & Similar Services: four contracts and a 14.3% share
  3. Power Purchase Agreement: two contracts and a 7.1% share.

Solar is top technology for Asia-Pacific power plant contracts in June 2020

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 16 contracts with a 57.1% share, followed by wind with six contracts and a 21.4% share and hydro with two contracts and a 7.1% share.

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Asia-Pacific power plant contracts in June 2020: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 10,000MW from eight contracts
  2. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW from one contract
  3. Akita Yurihonjo Offshore Wind GK (Japan): 700MW capacity from one contract.

Asia-Pacific power plant contracts in June 2020: Top winners by capacity

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

  1. Adani Green Energy (India): 8,000MW from one contract
  2. Kajima (Japan): 700MW from one contract
  3. Satluj Jal Vidyut Nigam (India) and Druk Green Power (Bhutan): 600MW 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.