Asia-Pacific Solar technology contracts in Q2 2021: Exclusive analysis
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Asia-Pacific Solar technology contracts activity drops 26% in Q2 2021

19 Jul 2021

Asia-Pacific Solar technology contracts activity drops 26% in Q2 2021

Asia-Pacific solar technology contracts in Q2 2021 saw 104 contracts announced, marking a drop of 26% over the last four-quarter average of 140, 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 42 contracts and a 40.4% share
  2. Power Purchase Agreement: 37 contracts and a 35.6% share
  3. Supply & Erection: 19 contracts and an 18.3% share
  4. Consulting & Similar Services: four contracts and a 3.8% share
  5. Electricity Supply: two contracts and a 1.9% 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 Q2 2021 with 27 contracts and a 26% share, followed by India with 27 contracts and a 26% share and Australia with eight contracts and a 7.7% share.

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Asia-Pacific solar technology contracts in Q2 2021: Top issuers by capacity

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

  1. State Power Investment (China): 7,200MW from one contract
  2. Solar Energy Corporation of India (India): 1,690MW from three contracts
  3. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 897MW capacity from two contracts.

Asia-Pacific solar technology contracts in Q2 2021: Top winners by capacity

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. Acme Solar Holdings Pvt (India): 1,150MW from two contracts
  3. Abu Dhabi Future Energy (United Arab Emirates): 897MW 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.