Asia-Pacific Solar technology contracts activity drops 35% in May 2020

Asia-Pacific solar technology contracts in May 2020 saw 22 contracts announced, marking a drop of 35% over the last 12-month average of 34, according to GlobalData’s power industry contracts database.

The proportion of solar technology contracts by category tracked by GlobalData in the month was as follows:

1. Project Implementation with ten contracts and a 45.5% share
2. Power Purchase Agreement: seven contracts and a 31.8% share
3. Supply & Erection: five contracts and a 22.7% share.

Australia tops Asia-Pacific solar power contracts activity

Australia was the top country in the Asia-Pacific region for solar technology contracts recorded in May 2020 with seven contracts and a 31.8% share, followed by India with three contracts and a 13.6% share and Singapore with two contracts and a 9.1% share.

Asia-Pacific solar technology contracts in May 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): 400MW from one contract
2. CleanCo Queensland: 352MW from one contract
3. Electricite du Laos (Laos): 76MW capacity from one contract.

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

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

1. Renew Solar Power Pvt (India): 400MW from one contract
2. Neoen Australia Pty (Australia): 352MW from one contract
3. Power Engineering Consulting two Joint Stock (Vietnam): 100MW 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.