Asia-Pacific power plant contracts activity up 6% in March 2020

28 April 2020 (Last Updated April 28th, 2020 09:53)

Asia-Pacific power plant contracts activity up 6% in March 2020

There were 34 power plant contracts announced in the Asia-Pacific region in March 2020, marking a rise of 6% 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 March 2020 with 39 contracts and a 37.1% share, followed by Power Plant with 34 contracts and a 32.4% share and Electricity Procurement with 14 contracts and a 13.3% share during the month.

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

  1. Project Implementation: 25 contracts and a 73.5% share
  2. Consulting & Similar Services: seven contracts and a 20.6% share
  3. Power Purchase Agreement: two contracts and a 5.9% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 14 contracts with a 41.2% share, followed by wind with eight contracts and a 23.5% share and thermal with five contracts and a 14.7% share.

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Asia-Pacific power plant contracts in March 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. JERA (Japan): 1,950MW from one contract
  2. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW from one contract
  3. Philippines Department of Energy (Philippines): 1,100MW capacity from two contracts.

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

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

  1. Mitsubishi Electric (Japan) and Mitsubishi Hitachi Power Systems (Japan): 1,950MW from one contract
  2. ACWA Power International (Saudi Arabia): 1,500MW from one contract
  3. Triconti ECC Renewables (Philippines): 1,100MW capacity from two 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.