Asia-Pacific power plant contracts activity up 13% in Q3 2020

29 October 2020 (Last Updated October 29th, 2020 03:18)

Asia-Pacific power plant contracts activity up 13% in Q3 2020

There were 114 power plant contracts announced in the Asia-Pacific region in Q3 2020, marking a rise of 13% over the last 12-month average of 101, 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 Q3 2020 with 114 contracts and a 34.3% share, followed by Generation Equipment with 96 contracts and a 28.9% share and Electricity Procurement with 62 contracts and an 18.7% share during the quarter.

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

  1. Project Implementation: 74 contracts and a 64.9% share
  2. Consulting & Similar Services: 24 contracts and a 21.1% share
  3. Power Purchase Agreement: ten contracts and an 8.8% share
  4. Repair, Maintenance, Upgrade & Others: six contracts and a 5.3% share.

Solar is top technology for Asia-Pacific power plant contracts in Q3 2020

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 55 contracts with a 47% share, followed by wind with 26 contracts and a 22.2% share and thermal with 13 contracts and an 11.1% share.

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Asia-Pacific power plant contracts in Q3 2020: 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. Taiwan Power (Taiwan): 6,500MW from one contract
  2. Solar Energy Corporation of India (India): 4,981.95MW from five contracts
  3. Binh Thuan People’s Committee: 3,500MW capacity from one contract.

Asia-Pacific power plant contracts in Q3 2020: Top winners by capacity

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

  1. General Electric International (United States): 6,709MW from two contracts
  2. CTCI (Taiwan): 6,500MW from one contract
  3. Azure Power (India) and Northwest Electric Power Design Institute (China): 4,000MW 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.