Asia-Pacific Solar technology contracts activity rises 2% in Q1 2020
Asia-Pacific solar technology contracts in Q1 2020 saw 100 contracts announced, marking a rise of 2% over the last four-quarter average of 98, 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 quarter was as follows:
- Project Implementation with 47 contracts and a 47% share
- Supply & Erection: 27 contracts and a 27% share
- Power Purchase Agreement: 22 contracts and a 22% share
- Electricity Supply: three contracts and a 3% share
- Consulting & Similar Services: one contract and a 1% 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 Q1 2020 with 34 contracts and a 34% share, followed by Japan with 16 contracts and a 16% share and China with 14 contracts and a 14% share.
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Asia-Pacific solar technology contracts in Q1 2020: Top companies by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- Solar Energy Corporation of India (India): 2,400MW from six contracts
- Rajasthan Solarpark Development (India): 925MW from one contract
- Adani Electricity Mumbai (India): 700MW capacity from one contract.
Asia-Pacific solar technology contracts in Q1 2020: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- NTPC (India): 925MW from one contract
- Greenko Group (India): 900MW from one contract
- Solar Energy Corporation of India (India): 750MW capacity from three 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.