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Asia-Pacific power plant contracts activity up 55% in March 2021

16 Apr 2021 (Last Updated April 16th, 2021 12:21)

Asia-Pacific power plant contracts activity up 55% in March 2021

There were 65 power plant contracts announced in the Asia-Pacific region in March 2021, marking a rise of 55% over the last 12-month average of 42, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in March 2021 with 65 contracts and a 51.2% share, followed by Generation Equipment with 28 contracts and a 22% share and Electricity Procurement with 23 contracts and an 18.1% share during the month.

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

  1. Project Implementation: 56 contracts and an 86.2% share
  2. Consulting & Similar Services: six contracts and a 9.2% share
  3. Power Purchase Agreement: two contracts and a 3.1% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 1.5% share.

Solar is top technology for Asia-Pacific power plant contracts in March 2021

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 51 contracts with a 79.7% share, followed by wind with ten contracts and a 15.6% share and hydro with two contracts and a 3.1% share.

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Asia-Pacific power plant contracts in March 2021: Top issuers 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): 1,200MW from four contracts
  2. Suruhanjaya Tenaga (Malaysia): 823.06MW from 30 contracts
  3. Gujarat Urja Vikas Nigam (India): 500MW capacity from five contracts.

Asia-Pacific power plant contracts in March 2021: Top winners by capacity

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

  1. JSW Energy (India): 450MW from one contract
  2. Adani Green Energy (India), Ayana Renewable Power Pvt (India) and China Gezhouba Group (China): 300MW from one contract
  3. Evergreen Power Mauritius Pvt (Mauritius) and NTPC (India): 150MW 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.