Asia-Pacific Solar technology contracts activity rises 8% in Q3 2020

26 October 2020 (Last Updated October 26th, 2020 03:48)

Asia-Pacific Solar technology contracts activity rises 8% in Q3 2020

Asia-Pacific solar technology contracts in Q3 2020 saw 112 contracts announced, marking a rise of 8% over the last four-quarter average of 104, 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 43 contracts and a 38.4% share
  2. Power Purchase Agreement: 34 contracts and a 30.4% share
  3. Supply & Erection: 26 contracts and a 23.2% share
  4. Consulting & Similar Services: four contracts and a 3.6% share
  5. Electricity Supply: four contracts and a 3.6% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 0.9% 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 2020 with 43 contracts and a 38.4% share, followed by Australia with 16 contracts and a 14.3% share and China with 14 contracts and a 12.5% share.

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Asia-Pacific solar technology contracts in Q3 2020: Top issuers 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): 4,981.95MW from five contracts
  2. Da Afghanistan Breshna Sherkat (Afghanistan): 3,085MW from four contracts
  3. Gujarat Urja Vikas Nigam (India): 1,250MW capacity from nine contracts.

Asia-Pacific solar technology contracts in Q3 2020: Top winners by capacity

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

  1. Azure Power (India): 4,000MW from one contract
  2. PAL four Solar Energy L (United Arab Emirates): 3,000MW from one contract
  3. NHPC (India): 1,700MW 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.