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August 2, 2021updated 06 Aug 2021 8:47am

Asia-Pacific generation equipment contracts activity down 22% in Q2 2021

By Amit Sharma

There were 80 generation equipment contracts announced in the Asia-Pacific region in Q2 2021, marking a drop of 22% over the last four-quarter average of 103, 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 Q2 2021 with 116 contracts and a 38.3% share, followed by Generation Equipment with 80 contracts and a 26.4% share and Electricity Procurement with 48 contracts and a 15.8% share during the quarter.

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

  1. Supply & Erection: 70 contracts and an 87.5% share
  2. Project Implementation: six contracts and a 7.5% share
  3. Repair, Maintenance, Upgrade & Others: three contracts and a 3.8% share
  4. Consulting & Similar Services: one contract and a 1.3% share.

Wind is top technology for Asia-Pacific generation equipment contracts in Q2 2021

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, wind accounted for 25 contracts with a 31.6% share, followed by solar with 19 contracts and a 24.1% share and thermal with 14 contracts and a 17.7% share.

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Asia-Pacific generation equipment contracts in Q2 2021: Top issuers by capacity

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

  1. State Power Investment (China): 7,200MW from one contract
  2. Neoen Australia Pty (Australia): 157MW from one contract
  3. Qianjiang Handa Thermal Power and Zhejiang Industrial Equipment Installation Group: 60MW capacity from one contract.

Asia-Pacific generation equipment contracts in Q2 2021: Top winners by capacity

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. Vestas Asia Pacific Wind Technology Pte (Singapore): 157MW from one contract
  3. Dongfang Turbine (China): 60MW 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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