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May 18, 2021

Power industry contracts in Asia-Pacific for April 2021 down 39%

By Amit Sharma

Asia-Pacific power industry contracts activity in April 2021 saw 63 contracts announced, marking a drop of 39% over the last 12-month average of 104, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in April 2021: China leads activity

Looking at contracts by country, China led the activity in April 2021 with 26 contracts and a share of 41.3%, up 22.2% over the previous month and up 18% when compared with the last 12 month-average, followed by India with eight contracts and a share of 12.7% and Australia with six contracts and a share of 9.5% during the month.

Looking at the last 12-month average, China held the top spot with 22 contracts, followed by India with 20 and Australia with ten contracts.

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Solar is top technology area for contracts in April 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 31 contracts and a 50.8% share, followed by thermal with 13 contracts and a 21.3% share and wind with nine contracts and a 14.8% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in April 2021, with 26 contracts, followed by Electricity Procurement (17) and Generation Equipment (16).

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

  1. Project Implementation: 22 contracts and a 34.9% share
  2. Supply & Erection: 16 contracts and a 25.4% share
  3. Power Purchase Agreement: 14 contracts and a 22.2% share
  4. Consulting & Similar Services: eight contracts and a 12.7% share
  5. Electricity Supply: three contracts and a 4.8% share.

Power contracts in April 2021: Top issuers by capacity

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

  1. State Power Investment (China) and Yuneng Group: 1,320MW from one contract
  2. Taiwan Power (Taiwan): 640MW from one contract
  3. Baosteel (China): 270MW capacity from one contract.

Power contracts in April 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 2,610MW from five contracts
  2. Shanghai Electric Power Construction (China): 2,000MW from one contract
  3. SEPCOIII Electric Power Construction (China): 1,320MW 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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