There were 21 energy storage contracts announced in the Asia-Pacific region in Q3 2022, marking a rise of 17% over the last four-quarter average of 18, 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 Q3 2022 with 119 contracts and a 38.9% share, followed by T&D Project with 100 contracts and a 32.7% share and Electricity Procurement with 37 contracts and a 12.1% share during the quarter.

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

  1. Project Implementation: 14 contracts and a 66.7% share
  2. Consulting & Similar Services: four contracts and a 19% share
  3. Power Purchase Agreement: three contracts and a 14.3% share.

Solar is top technology for Asia-Pacific energy storage contracts in Q3 2022

Looking at energy storage contracts by the type of technology in the Asia-Pacific region, solar accounted for 16 contracts with an 84.2% share, followed by wind with three contracts and a 15.8% share.

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Asia-Pacific energy storage contracts in Q3 2022: Top companies by capacity

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

  1. State Grid Energy Hefeng Coal and Electricity: 300MW from one contract
  2. China General Nuclear Power (China): 200MW from one contract
  3. National Energy Group Zhejiang: 104.99MW capacity from one contract.

Asia-Pacific energy storage contracts in Q3 2022: Top winners by capacity

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

  1. China Energy Engineering (China): 1,757.99MW from seven contracts
  2. China Energy Construction Group (China): 200MW from one contract
  3. Powerchina Chengdu Engineering (China): 120MW capacity from two contracts.

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.