Asia-Pacific Solar technology contracts activity drops 29% in Q2 2019

14 August 2019 (Last Updated August 14th, 2019 09:48)

Asia-Pacific Solar technology contracts activity drops 29% in Q2 2019

Asia-Pacific solar technology contracts in Q2 2019 saw 99 contracts announced, marking a drop of 29% over the last four-quarter average of 140, according to GlobalData's power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

The proportion of solar technology contracts by category tracked by GlobalData in the quarter was as follows:

  1. Project Implementation with 46 contracts and a 46.5% share
  2. Power Purchase Agreement: 26 contracts and a 26.3% share
  3. Supply & Erection: 15 contracts and a 15.2% share
  4. Consulting & Similar Services: six contracts and a 6.1% share
  5. Electricity Supply: six contracts and a 6.1% 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 Q2 2019 with 49 contracts and a 49.5% share, followed by Australia with 13 contracts and a 13.1% share and China with 12 contracts and a 12.1% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific solar technology contracts in Q2 2019: 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): 2,730MW from 13 contracts
  2. Gujarat Urja Vikas Nigam (India): 1,300MW from 11 contracts
  3. South Bihar Power Distribution and North Bihar Power Distribution: 800MW capacity from one contract.

Asia-Pacific solar technology contracts in Q2 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 2,350MW from five contracts
  2. Adani Renewable Energy Park (Gujarat) (India): 600MW from one contract
  3. Mahindra Susten (India): 450MW capacity from two 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.