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  1. Market Data
September 8, 2021

Asia-Pacific electricity procurement contracts activity up 57% in August 2021

By admin-demo

There were 36 electricity procurement contracts announced in the Asia-Pacific region in August 2021, marking a rise of 57% over the last 12-month average of 23, according to GlobalData’s power industry contracts database.

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Electricity Procurement stood at first place when compared with other power tender categories in the Asia-Pacific region in August 2021 with 36 contracts and a 31.3% share, followed by Power Plant with 36 contracts and a 31.3% share and Generation Equipment with 16 contracts and a 13.9% share during the month.

The proportion of contracts by category tracked by GlobalData in the month was as follows:

  1. Power Purchase Agreement: 29 contracts and an 80.6% share
  2. Project Implementation: five contracts and a 13.9% share
  3. Electricity Supply: two contracts and a 5.6% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in August 2021

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 29 contracts with a 69% share, followed by wind with ten contracts and a 23.8% share and thermal with one contract and a 2.4% share.

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Asia-Pacific electricity procurement contracts in August 2021: 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): 1,600MW from five contracts
  2. Tenaga Nasional (Malaysia): 586MW from 13 contracts
  3. RackBank Datacenters: 500MW capacity from one contract.

Asia-Pacific electricity procurement contracts in August 2021: Top winners by capacity

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

  1. ReNew Power Ventures Pvt (India): 900MW from two contracts
  2. NTPC (India): 550MW from two contracts
  3. Ayana Renewable Power Pvt (India): 450MW 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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