Asia-Pacific power plant contracts activity down 9% in Q1 2020

There were 91 power plant contracts announced in the Asia-Pacific region in Q1 2020, marking a drop of 9% over the last 12-month average of 100, according to GlobalData’s power industry contracts database.

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q1 2020 with 91 contracts and a 35.1% share, followed by Generation Equipment with 76 contracts and a 29.3% share and Electricity Procurement with 45 contracts and a 17.4% share during the quarter.

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

1. Project Implementation: 70 contracts and a 76.9% share
2. Consulting & Similar Services: 11 contracts and a 12.1% share
3. Power Purchase Agreement: six contracts and a 6.6% share
4. Repair, Maintenance, Upgrade & Others: four contracts and a 4.4% share.

Solar is top technology for Asia-Pacific power plant contracts in Q1 2020

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 51 contracts with a 54.3% share, followed by wind with 13 contracts and a 13.8% share and thermal with 12 contracts and a 12.8% share.

Asia-Pacific power plant contracts in Q1 2020: Top companies by capacity

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

1. Solar Energy Corporation of India (India): 2,400MW from six contracts
2. JERA (Japan): 1,950MW from one contract
3. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 1,500MW capacity from one contract.

Asia-Pacific power plant contracts in Q1 2020: Top winners by capacity

The top winners of contracts for the quarter 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.