View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
February 2, 2021

Power industry contracts in Asia-Pacific for Q4 2020 down 7%

By Amit Sharma

Asia-Pacific power industry contracts activity in Q4 2020 saw 261 contracts announced, marking a drop of 7% over the last four-quarter average of 280, according to GlobalData’s power database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific power industry contracts in Q4 2020: China leads activity

Looking at contracts by country, China led the activity in Q4 2020 with 53 contracts and a share of 20.3%, up 2% over the previous quarter and up 6% when compared with the last four-quarter average, followed by Australia with 45 contracts and a share of 17.2% and India with 26 contracts and a share of 10% during the quarter.

Looking at the last four-quarter average, India held the top spot with 56 contracts, followed by China with 50 and Australia with 25 contracts.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is top technology area for contracts in Q4 2020

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 114 contracts and a 45.6% share, followed by wind with 63 contracts and a 25.2% share and thermal with 35 contracts and a 14% 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 Q4 2020, with 110 contracts, followed by Generation Equipment (100) and Electricity Procurement (37).

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

  1. Project Implementation: 101 contracts and a 38.7% share
  2. Supply & Erection: 96 contracts and a 36.8% share
  3. Power Purchase Agreement: 36 contracts and a 13.8% share
  4. Consulting & Similar Services: 19 contracts and a 7.3% share
  5. Repair, Maintenance, Upgrade & Others: eight contracts and a 3.1% share
  6. Electricity Supply: one contract and a 0.4% share.

Power contracts in Q4 2020: Top issuers by capacity

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

  1. Maharashtra State Electricity Distribution (India): 3,085MW from one contract
  2. Korea Western Power (South Korea): 728MW from one contract
  3. Mapanuepe Hydropower: 500MW capacity from one contract.

Power contracts in Q4 2020: Top winners by capacity

The top winners of contracts for the quarter 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. Anhui No.1 Electric Power Construction (China), Anhui No.2 Electric Power Engineering & Construction (China) and East China Electric Power Design Institute (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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology