Asia-Pacific Solar technology contracts activity drops 38% in July 2020

14 August 2020 (Last Updated August 14th, 2020 08:32)

Asia-Pacific Solar technology contracts activity drops 38% in July 2020
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Asia-Pacific solar technology contracts in July 2020 saw 21 contracts announced, marking a drop of 38% 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 11 contracts and a 52.4% share
  2. Power Purchase Agreement: six contracts and a 28.6% share
  3. Consulting & Similar Services: two contracts and a 9.5% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 4.8% share
  5. Supply & Erection: one contract and a 4.8% 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 2020 with seven contracts and a 33.3% share, followed by China with three contracts and a 14.3% share and Malaysia with three contracts and a 14.3% share.

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Asia-Pacific solar technology contracts in July 2020: Top issuers by capacity

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

  1. Solar Energy Corporation of India (India): 4,001.95MW from two contracts
  2. Xinghai Group: 250MW from one contract
  3. Tata Power Mumbai Distribution: 225MW capacity from one contract.

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

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

  1. Azure Power (India): 4,000MW from one contract
  2. Risen Energy (China): 250MW from one contract
  3. Tata Power Green Energy (India): 225MW 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.