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  1. Market Data
January 12, 2021

Power industry contracts in Asia-Pacific for December 2020 down 7%

Asia-Pacific power industry contracts activity in December 2020 saw 86 contracts announced, marking a drop of 7% over the last 12-month average of 92, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in December 2020: Australia leads activity

Looking at contracts by country, Australia led the activity in December 2020 with 19 contracts and a share of 22.1%, up 11.7% over the previous month and up 111% when compared with the last 12 month-average, followed by China with 15 contracts and a share of 17.4% and Vietnam with eight contracts and a share of 9.3% during the month.

Looking at the last 12-month average, China held the top spot with 17 contracts, followed by India with 17 and Australia with nine contracts.

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Solar is top technology area for contracts in December 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 39 contracts and a 45.9% share, followed by wind with 20 contracts and a 23.5% share and thermal with 19 contracts and a 22.4% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in December 2020, with 32 contracts, followed by Generation Equipment (28) and Electricity Procurement (14).

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

  1. Supply & Erection: 31 contracts and a 36% share
  2. Project Implementation: 29 contracts and a 33.7% share
  3. Power Purchase Agreement: 13 contracts and a 15.1% share
  4. Consulting & Similar Services: eight contracts and a 9.3% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 4.7% share
  6. Electricity Supply: one contract and a 1.2% share.

Power contracts in December 2020: Top issuers by capacity

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

  1. Maharashtra State Electricity Distribution (India): 3,085MW from one contract
  2. Mapanuepe Hydropower: 500MW from one contract
  3. Vietnam Electricity (Vietnam): 330MW capacity from one contract.

Power contracts in December 2020: Top winners by capacity

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

  1. Adani Power Maharashtra (India): 3,085MW from one contract
  2. China Energy Engineering Group Planning and Engineering (China): 1,497.8MW from five contracts
  3. East China Electric Power Design Institute (China), Anhui No.1 Electric Power Construction (China) and Anhui No.2 Electric Power Engineering & 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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