Asia-Pacific Solar technology contracts activity rises 2% in Q4 2020

13 January 2021 (Last Updated January 13th, 2021 09:29)

Asia-Pacific Solar technology contracts activity rises 2% in Q4 2020

Asia-Pacific solar technology contracts in Q4 2020 saw 114 contracts announced, marking a rise of 2% over the last four-quarter average of 112, 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 41 contracts and a 36% share
  2. Supply & Erection: 40 contracts and a 35.1% share
  3. Power Purchase Agreement: 30 contracts and a 26.3% share
  4. Consulting & Similar Services: two contracts and a 1.8% share
  5. Electricity Supply: one contract and a 0.9% 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 Q4 2020 with 30 contracts and a 26.3% share, followed by Australia with 26 contracts and a 22.8% share and India with 11 contracts and a 9.6% share.

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Asia-Pacific solar technology contracts in Q4 2020: Top issuers by capacity

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

  1. Neoen (France): 460MW from one contract
  2. Vietnam Electricity (Vietnam): 330MW from one contract
  3. X-ELIO Energy (Spain) and China Minsheng New Energy (Shanghai) Investment (China): 200MW capacity from one contract.

Asia-Pacific solar technology contracts in Q4 2020: Top winners by capacity

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

  1. Sterling and Wilson Solar Australia Pty (Australia): 567MW from two contracts
  2. Leader Energy Pte (Singapore) and Bamboo Capital (Vietnam): 330MW from one contract
  3. China Energy Engineering Group Planning and Engineering (China), Grupo Gransolar (Spain) and TBEA (China): 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.