There were 58 generation equipment contracts announced in the Asia-Pacific region in Q2 2022, marking a drop of 27% over the last four-quarter average of 79, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q2 2022 with 177 contracts and a 43.1% share, followed by T&D Project with 89 contracts and a 21.7% share and Generation Equipment with 58 contracts and a 14.1% share during the quarter.

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

  1. Supply & Erection: 47 contracts and an 81% share
  2. Project Implementation: eight contracts and a 13.8% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 5.2% share.

Solar is top technology for Asia-Pacific generation equipment contracts in Q2 2022

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, solar accounted for 23 contracts with a 40.4% share, followed by wind with 18 contracts and a 31.6% share and thermal with ten contracts and a 17.5% share.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific generation equipment contracts in Q2 2022: Top companies by capacity

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

  1. Sichuan Investment Group: 1,400MW from one contract
  2. Zhenhai Natural Gas Power Generation (China): 860MW from one contract
  3. Dyna Drug: 0.13MW capacity from one contract.

Asia-Pacific generation equipment contracts in Q2 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): 2,270MW from three contracts
  2. Sinohydro Engineering Bureau four (China): 1,200MW from one contract
  3. Zhejiang Electric Power Construction (China): 860MW 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.