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March 22, 2021

Asia-Pacific generation equipment contracts activity down 29% in February 2021

By Amit Sharma

There were 24 generation equipment contracts announced in the Asia-Pacific region in February 2021, marking a drop of 29% over the last 12-month average of 34, 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 February 2021 with 36 contracts and a 33% share, followed by Electricity Procurement with 26 contracts and a 23.9% share and Generation Equipment with 24 contracts and a 22% share during the month.

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

  1. Supply & Erection: 22 contracts and a 91.7% share
  2. Repair, Maintenance, Upgrade & Others: two contracts and an 8.3% share.

Wind is top technology for Asia-Pacific generation equipment contracts in February 2021

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for eight contracts with a 33.3% share, followed by solar with seven contracts and a 29.2% share and thermal with four contracts and a 16.7% share.

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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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