Asia-Pacific Solar technology contracts activity drops 23% in January 2020

24 February 2020 (Last Updated February 24th, 2020 06:56)

Asia-Pacific Solar technology contracts activity drops 23% in January 2020

Asia-Pacific solar technology contracts in January 2020 saw 24 contracts announced, marking a drop of 23% over the last 12-month average of 31, 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 nine contracts and a 37.5% share
  2. Supply & Erection: seven contracts and a 29.2% share
  3. Power Purchase Agreement: seven contracts and a 29.2% share
  4. Electricity Supply: one contract and a 4.2% 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 January 2020 with eight contracts and a 33.3% share, followed by China with six contracts and a 25% share and Malaysia with three contracts and a 12.5% share.

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

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

  1. Telangana Southern Power Distribution (India): 400MW from one contract
  2. NTPC (India): 250MW from one contract
  3. Mahagenco (India): 184MW capacity from one contract.

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

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

  1. Solar Energy Corporation of India (India): 400MW from one contract
  2. Tata Power Solar Systems (India): 250MW from one contract
  3. Waaree Energies Pvt (India): 184MW 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.