Asia-Pacific power plant contracts activity up 9% in October 2020

23 November 2020 (Last Updated November 23rd, 2020 10:42)

Asia-Pacific power plant contracts activity up 9% in October 2020

There were 38 power plant contracts announced in the Asia-Pacific region in October 2020, marking a rise of 9% over the last 12-month average of 35, 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 October 2020 with 41 contracts and a 36.3% share, followed by Power Plant with 38 contracts and a 33.6% share and Electricity Procurement with 15 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: 26 contracts and a 68.4% share
  2. Power Purchase Agreement: six contracts and a 15.8% share
  3. Consulting & Similar Services: five contracts and a 13.2% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 2.6% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 23 contracts with a 57.5% share, followed by wind with eight contracts and a 20% share and biopower with three contracts and a 7.5% share.

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Asia-Pacific power plant contracts in October 2020: 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. Neoen (France): 460MW from one contract
  2. Nepal Water & Energy Development (Nepal): 216MW from one contract
  3. China Minsheng New Energy (Shanghai) Investment (China): 200MW capacity from one contract.

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

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

  1. Sterling and Wilson Solar Australia Pty (Australia): 567MW from two contracts
  2. China Energy Engineering Group Guangdong Power Engineering (China): 250MW from one contract
  3. Shanghai Electric Power Construction (China): 230MW 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.