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July 16, 2021

Power industry contracts in Asia-Pacific for Q2 2021 down 17%

By Amit Sharma

Asia-Pacific power industry contracts activity in Q2 2021 saw 263 contracts announced, marking a drop of 17% over the last four-quarter average of 316, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in Q2 2021: China leads activity

Looking at contracts by country, China led the activity in Q2 2021 with 81 contracts and a share of 30.8%, up 9.6% over the previous quarter and up 21% when compared with the last four-quarter average, followed by India with 40 contracts and a share of 15.2% and Vietnam with 23 contracts and a share of 8.7% during the quarter.

Looking at the last four-quarter average, China held the top spot with 67 contracts, followed by India with 58 and Australia with 32 contracts.

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Solar is top technology area for contracts in Q2 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 104 contracts and a 43.5% share, followed by wind with 66 contracts and a 27.6% share and thermal with 31 contracts and a 13% share.

Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Asia-Pacific power contracts activity during Q2 2021, with 116 contracts, followed by Generation Equipment (80) and Electricity Procurement (48).

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

  1. Project Implementation: 97 contracts and a 36.9% share
  2. Supply & Erection: 77 contracts and a 29.3% share
  3. Power Purchase Agreement: 43 contracts and a 16.3% share
  4. Consulting & Similar Services: 35 contracts and a 13.3% share
  5. Repair, Maintenance, Upgrade & Others: seven contracts and a 2.7% share
  6. Electricity Supply: four contracts and a 1.5% share.

Power contracts in Q2 2021: Top issuers by capacity

The top issuers of 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. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 3,897MW from four contracts
  3. Solar Energy Corporation of India (India): 1,840MW capacity from four contracts.

Power 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. China Energy Engineering Group Planning and Engineering (China): 3,940MW from ten contracts
  3. Abu Dhabi Future Energy (United Arab Emirates): 2,397MW capacity from three contracts.

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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