Asia-Pacific Solar technology contracts activity drops 32% in July 2019

15 August 2019 (Last Updated August 13th, 2019 08:34)

Asia-Pacific Solar technology contracts activity drops 32% in July 2019

Asia-Pacific solar technology contracts in July 2019 saw 28 contracts announced, marking a drop of 32% over the last 12-month average of 41, 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. Power Purchase Agreement with 11 contracts and a 39.3% share
  2. Project Implementation: 11 contracts and a 39.3% share
  3. Supply & Erection: five contracts and a 17.9% share
  4. Electricity Supply: one contract and a 3.6% 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 July 2019 with ten contracts and a 35.7% share, followed by Australia with five contracts and a 17.9% share and Vietnam with four contracts and a 14.3% share.

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Asia-Pacific solar technology contracts in July 2019: Top companies by capacity

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

  1. Rajasthan Urja Vikas Nigam: 750MW from one contract
  2. Solar Energy Corporation of India (India): 450MW from one contract
  3. Uttar Pradesh Power (India): 266MW capacity from three contracts.

Asia-Pacific solar technology contracts in July 2019: 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): 750MW from one contract
  2. Eden Renewable Cite Pvt (India): 716MW from four contracts
  3. China Machinery Engineering (China): 230MW 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.