Asia-Pacific Solar technology contracts activity rises 16% in March 2020

16 April 2020 (Last Updated April 16th, 2020 13:09)

Asia-Pacific Solar technology contracts activity rises 16% in March 2020

Asia-Pacific solar technology contracts in March 2020 saw 37 contracts announced, marking a rise of 16% over the last 12-month average of 32, 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 14 contracts and a 37.8% share
  2. Supply & Erection: 14 contracts and a 37.8% share
  3. Power Purchase Agreement: nine contracts and a 24.3% share.

China tops Asia-Pacific solar power contracts activity

China was the top country in the Asia-Pacific region for solar technology contracts recorded in March 2020 with six contracts and a 16.2% share, followed by India with six contracts and a 16.2% share and Japan with six contracts and a 16.2% share.

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

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

  1. Gujarat Urja Vikas Nigam (India): 350MW from three contracts
  2. PurpleSol G.K.: 147MW from one contract
  3. Ninh Thuan Energy Industry: 45MW capacity from one contract.

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

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

  1. Juniper Green Energy Pvt (India): 190MW from one contract
  2. Toshiba Energy Systems & Solutions (Japan): 147MW from one contract
  3. Tata Power Renewable Energy (India): 120MW 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.