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April 8, 2022

Asia-Pacific electricity procurement contracts activity down 4% in March 2022

By Carmen

There were 22 electricity procurement contracts announced in the Asia-Pacific region in March 2022, marking a drop of 4% over the last 12-month average of 23, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in March 2022 with 60 contracts and a 37.7% share, followed by T&D Project with 34 contracts and a 21.4% share and Generation Equipment with 27 contracts and a 17% share during the month.

The proportion of contracts by category tracked by GlobalData in the month was:Power Purchase Agreement with 22 contracts and a 100% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in March 2022

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 15 contracts with a 62.5% share, followed by wind with nine contracts and a 37.5% share.

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Asia-Pacific electricity procurement contracts in March 2022: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 300MW from one contract
  2. ArcelorMittal Nippon Steel India (India): 250MW from one contract
  3. Punjab State Power (India): 150MW capacity from one contract.

Asia-Pacific electricity procurement contracts in March 2022: Top winners by capacity

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

  1. Azure Power Global (India): 300MW from one contract
  2. ArcelorMittal (Luxembourg): 250MW from one contract
  3. Adani Green Energy (India): 150MW 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.

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Free Report
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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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