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

15 December 2020 (Last Updated December 15th, 2020 10:55)

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.

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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.

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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.