There were 120 power plant contracts announced in the Asia-Pacific region in Q1 2022, marking a drop of 23% over the last four-quarter average of 156, according to GlobalData’s power industry contracts database.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all
  • Embed this chart

    Embed this chart into your website

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

Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q1 2022 with 120 contracts and a 37.2% share, followed by T&D Project with 64 contracts and a 19.8% share and Generation Equipment with 60 contracts and an 18.6% share during the quarter.

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

  1. Project Implementation: 86 contracts and a 71.7% share
  2. Consulting & Similar Services: 21 contracts and a 17.5% share
  3. Repair, Maintenance, Upgrade & Others: seven contracts and a 5.8% share
  4. Power Purchase Agreement: six contracts and a 5% share.

Solar is top technology for Asia-Pacific power plant contracts in Q1 2022

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 78 contracts with a 62.4% share, followed by wind with 20 contracts and a 16% share and thermal with 19 contracts and a 15.2% share.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

  • 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 plant contracts in Q1 2022: Top companies by capacity

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

  1. China Huadian (China): 3,000MW from one contract
  2. Hubei Qichun Garden Pumped Storage Power Station: 1,200MW from one contract
  3. ArcelorMittal (Luxembourg): 975MW capacity from one contract.

Asia-Pacific power plant contracts in Q1 2022: Top winners by capacity

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

  1. China Power Engineering Consulting Group (China): 12,536.6MW from 25 contracts
  2. Greenko Energies (India): 975MW from one contract
  3. Ocean Winds (Spain) and Aker Offshore Wind Holding (Norway): 870MW 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.