Asia-Pacific Solar technology contracts activity rises 2% in Q1 2020

16 April 2020 (Last Updated April 16th, 2020 13:12)

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:

  1. Project Implementation with 47 contracts and a 47% share
  2. Supply & Erection: 27 contracts and a 27% share
  3. Power Purchase Agreement: 22 contracts and a 22% share
  4. Electricity Supply: three contracts and a 3% share
  5. 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:

  1. Solar Energy Corporation of India (India): 2,400MW from six contracts
  2. Rajasthan Solarpark Development (India): 925MW from one contract
  3. 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:

  1. NTPC (India): 925MW from one contract
  2. Greenko Group (India): 900MW from one contract
  3. 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.