Asia-Pacific Solar technology contracts activity drops 39% in October 2019

22 November 2019 (Last Updated November 22nd, 2019 09:37)

Asia-Pacific Solar technology contracts activity drops 39% in October 2019

Asia-Pacific solar technology contracts in October 2019 saw 23 contracts announced, marking a drop of 39% over the last 12-month average of 38, 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. Power Purchase Agreement with nine contracts and a 39.1% share
  2. Project Implementation: nine contracts and a 39.1% share
  3. Supply & Erection: five contracts and a 21.7% 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 October 2019 with six contracts and a 26.1% share, followed by Malaysia with four contracts and a 17.4% share and China with four contracts and a 17.4% share.

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Asia-Pacific solar technology contracts in October 2019: 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): 960MW from four contracts
  2. NTPC (India): 300MW from one contract
  3. Ministry of Innovative Development of the Republic of Uzbekistan: 110MW capacity from one contract.

Asia-Pacific solar technology contracts in October 2019: Top winners by capacity

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

  1. Avaada Energy (India), ReNew Power Ventures Pvt (India) and TBEA Energy (India) Pvt (India): 300MW from one contract
  2. Sterling and Wilson Pvt (India): 200MW from one contract
  3. Tata Power Renewable Energy (India): 60MW 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.