Asia-Pacific Solar technology contracts activity drops 42% in Q3 2019

17 October 2019 (Last Updated October 17th, 2019 13:24)

Asia-Pacific Solar technology contracts activity drops 42% in Q3 2019

Asia-Pacific solar technology contracts in Q3 2019 saw 72 contracts announced, marking a drop of 42% over the last four-quarter average of 124, 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 33 contracts and a 45.8% share
  2. Power Purchase Agreement: 23 contracts and a 31.9% share
  3. Supply & Erection: ten contracts and a 13.9% share
  4. Electricity Supply: three contracts and a 4.2% share
  5. Consulting & Similar Services: two contracts and a 2.8% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 1.4% 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 Q3 2019 with 24 contracts and a 33.3% share, followed by Australia with 14 contracts and a 19.4% share and China with six contracts and an 8.3% share.

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Asia-Pacific solar technology contracts in Q3 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): 930MW from three contracts
  2. Rajasthan Urja Vikas Nigam: 1,430MW from two contract
  3. Wang Investment Sole Co. Ltd: 300MW capacity from one contract.

Asia-Pacific solar technology contracts in Q3 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): 1,580MW from three contracts
  2. Eden Renewable Cite Pvt (India): 716MW from four contracts
  3. SB Energy (Japan): 330MW 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.