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

Asia-Pacific solar technology contracts in November 2020 saw 23 contracts announced, marking a drop of 38% over the last 12-month average of 37, 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. Supply & Erection with nine contracts and a 39.1% share
2. Power Purchase Agreement: seven contracts and a 30.4% share
3. Project Implementation: six contracts and a 26.1% share
4. Consulting & Similar Services: one contract and a 4.3% 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 November 2020 with ten contracts and a 43.5% share, followed by Australia with four contracts and a 17.4% share and South Korea with two contracts and an 8.7% share.

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

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

1. Airports Authority of India (India): 63MW from one contract
2. Korea Water Resources (South Korea): 41MW from one contract
3. ZheJiang SenKai New Material: 8MW capacity from one contract.

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

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

1. NTPC Vidyut Vyapar Nigam (India): 63MW from one contract
2. Hanwha Q CELLS (South Korea): 41MW from one contract
3. Advanced SolTech Renewable Energy Hangzhou (China): 13.2MW capacity from five 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.