Join Our Newsletter - Get important industry news and analysis sent to your inbox – sign up to our e-Newsletter here
X

Asia-Pacific power plant contracts activity up 29% in Q1 2021

13 Apr 2021 (Last Updated April 12th, 2021 06:39)

Asia-Pacific power plant contracts activity up 29% in Q1 2021
Oil and gas companies are making moves into the UK energy market.

There were 157 power plant contracts announced in the Asia-Pacific region in Q1 2021, marking a rise of 29% over the last four-quarter average of 122, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q1 2021 with 157 contracts and a 44.4% share, followed by Generation Equipment with 80 contracts and a 22.6% share and Electricity Procurement with 71 contracts and a 20.1% share during the quarter.

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

  1. Project Implementation: 123 contracts and a 78.3% share
  2. Consulting & Similar Services: 21 contracts and a 13.4% share
  3. Power Purchase Agreement: nine contracts and a 5.7% share
  4. Repair, Maintenance, Upgrade & Others: four contracts and a 2.5% share.

Solar is top technology for Asia-Pacific power plant contracts in Q1 2021

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 105 contracts with a 66% share, followed by wind with 27 contracts and a 17% share and thermal with 16 contracts and a 10.1% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific power plant contracts in Q1 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. Gansu Province Electric Power Investment Group (China) and Nuclear Power Corporation of India (India): 2,000MW from one contract
  3. Ministry of Energy and Mines, Laos (Laos): 1,800MW capacity from one contract.

Asia-Pacific power plant contracts in Q1 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 3,885MW from eight contracts
  2. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  3. Larsen & Toubro (India): 2,410MW capacity from three 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.