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July 26, 2021

Power industry contracts in Asia-Pacific for June 2021 down 8%

By Amit Sharma

Asia-Pacific power industry contracts activity in June 2021 saw 97 contracts announced, marking a drop of 8% over the last 12-month average of 106, according to GlobalData’s power database.

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

Looking at contracts by country, China led the activity in June 2021 with 29 contracts and a share of 29.9%, up 4.6% over the previous month and up 26% when compared with the last 12 month-average, followed by India with 19 contracts and a share of 19.6% and Vietnam with nine contracts and a share of 9.3% during the month.

Looking at the last 12-month average, China held the top spot with 23 contracts, followed by India with 19 and Australia with ten contracts.

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Solar is top technology area for contracts in June 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 33 contracts and a 39.3% share, followed by wind with 31 contracts and a 36.9% share and thermal with 11 contracts and a 13.1% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in June 2021, with 35 contracts, followed by Generation Equipment (33) and T&D Project (15).

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

  1. Project Implementation: 35 contracts and a 36.1% share
  2. Supply & Erection: 33 contracts and a 34% share
  3. Power Purchase Agreement: 15 contracts and a 15.5% share
  4. Consulting & Similar Services: 12 contracts and a 12.4% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 2.1% share.

Power contracts in June 2021: Top issuers by capacity

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

  1. Solar Energy Corporation of India (India): 1,300MW from three contracts
  2. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 457MW from one contract
  3. Trading Construction Works Organization: 350MW capacity from one contract.

Power contracts in June 2021: Top winners by capacity

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

  1. Southwest Electric Power Design Institute (China): 1,320MW from one contract
  2. Acme Solar Holdings Pvt (India): 1,150MW from two contracts
  3. Abu Dhabi Future Energy (United Arab Emirates): 457MW 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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