Asia-Pacific Solar technology contracts activity drops 38% in Q4 2019

17 February 2020 (Last Updated February 17th, 2020 06:42)

Asia-Pacific Solar technology contracts activity drops 38% in Q4 2019

Asia-Pacific solar technology contracts in Q4 2019 saw 73 contracts announced, marking a drop of 38% over the last four-quarter average of 118, 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 27 contracts and a 37% share
  2. Supply & Erection: 24 contracts and a 32.9% share
  3. Power Purchase Agreement: 21 contracts and a 28.8% share
  4. Electricity Supply: 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 Q4 2019 with 18 contracts and a 24.7% share, followed by China with 13 contracts and a 17.8% share and Australia with nine contracts and a 12.3% share.

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Asia-Pacific solar technology contracts in Q4 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): 960MW from four contracts
  2. NTPC (India): 300MW from one contract
  3. Lightsource BP Renewable Energy Investments (United Kingdom) and Uttar Pradesh Power (India): 200MW capacity from one contract.

Asia-Pacific solar technology contracts in Q4 2019: Top winners by capacity

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

  1. Avaada Energy (India), Masaya Solar Energy Pvt (India), ReNew Power Ventures Pvt (India) and TBEA Energy (India) Pvt (India): 300MW from one contract
  2. Tata Power Renewable Energy (India): 260MW from three contracts
  3. Solar Energy Corporation of India (India), Sterling and Wilson Solar Australia Pty (Australia) and Sterling and Wilson Solar (India): 200MW 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.