Asia-Pacific Solar technology contracts activity drops 24% in April 2020

18 May 2020 (Last Updated May 18th, 2020 14:45)

Asia-Pacific Solar technology contracts activity drops 24% in April 2020

Asia-Pacific solar technology contracts in April 2020 saw 26 contracts announced, marking a drop of 24% over the last 12-month average of 34, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation with 17 contracts and a 65.4% share
  2. Supply & Erection: six contracts and a 23.1% share
  3. Power Purchase Agreement: three contracts and an 11.5% share.

India tops Asia-Pacific solar power contracts activity

India was the top country in the Asia-Pacific region for solar technology contracts recorded in April 2020 with 13 contracts and a 50% share, followed by China with eight contracts and a 30.8% share and Singapore with two contracts and a 7.7% share.

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Asia-Pacific solar technology contracts in April 2020: Top companies by capacity

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

  1. NHPC (India): 2,000MW from five contracts
  2. NTPC (India): 600MW from two contracts
  3. Luneng Group (China): 200MW capacity from one contract.

Asia-Pacific solar technology contracts in April 2020: Top winners by capacity

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

  1. SB Energy (Japan): 600MW from one contract
  2. Axis Energy Ventures India Pvt (India): 400MW from one contract
  3. O2 Power Private (India): 380MW 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.