Asia-Pacific Solar technology contracts activity rises 50% in September 2020

20 October 2020 (Last Updated October 20th, 2020 04:36)

Asia-Pacific Solar technology contracts activity rises 50% in September 2020

Asia-Pacific solar technology contracts in September 2020 saw 51 contracts announced, marking a rise of 50% over the last 12-month average of 34, 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 month was as follows:

  1. Power Purchase Agreement with 20 contracts and a 39.2% share
  2. Project Implementation: 15 contracts and a 29.4% share
  3. Supply & Erection: 12 contracts and a 23.5% share
  4. Consulting & Similar Services: two contracts and a 3.9% share
  5. Electricity Supply: two contracts and a 3.9% 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 September 2020 with 16 contracts and a 31.4% share, followed by China with nine contracts and a 17.6% share and Australia with eight contracts and a 15.7% share.

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

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

  1. NHPC (India): 680MW from two contracts
  2. Chhattisgarh State Power Distribution (India) and UPC AC Renewables Australia (Australia): 400MW from one contract
  3. Fortum Solar India Pvt (India): 250MW capacity from one contract.

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

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

  1. Elecnor (Spain) and NHPC (India): 400MW from one contract
  2. O2 Power Pvt (India): 380MW from one contract
  3. PowerChina Zhongnan Engineering (China): 350MW 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.