Asia-Pacific Solar technology contracts activity drops 3% in June 2020

27 July 2020 (Last Updated July 24th, 2020 10:37)

Asia-Pacific Solar technology contracts activity drops 3% in June 2020

Asia-Pacific solar technology contracts in June 2020 saw 32 contracts announced, marking a drop of 3% over the last 12-month average of 33, 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 13 contracts and a 40.6% share
  2. Power Purchase Agreement: ten contracts and a 31.3% share
  3. Supply & Erection: eight contracts and a 25% share
  4. Consulting & Similar Services: one contract and a 3.1% 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 June 2020 with ten contracts and a 31.3% share, followed by Japan with five contracts and a 15.6% share and Malaysia with five contracts and a 15.6% share.

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Asia-Pacific solar technology contracts in June 2020: Top companies 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): 10,000MW from eight contracts
  2. Tenaga Nasional (Malaysia): 490.88MW from five contracts
  3. Maharashtra State Electricity Distribution (India): 450MW capacity from two contracts.

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

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

  1. Adani Green Energy (India): 8,000MW from one contract
  2. ib vogt (Germany) and ReNew Power Ventures Pvt (India): 400MW from one contract
  3. SolarPack Corporacion Tecnologica (Spain): 390.88MW capacity from two contracts.

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.