There were 119 power plant contracts announced in the Asia-Pacific region in Q3 2022, marking a drop of 30% over the last four-quarter average of 170, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in Q3 2022 with 119 contracts and a 38.9% share, followed by T&D Project with 100 contracts and a 32.7% share and Electricity Procurement with 37 contracts and a 12.1% share during the quarter.

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

  1. Project Implementation: 72 contracts and a 60.5% share
  2. Power Purchase Agreement: 24 contracts and a 20.2% share
  3. Consulting & Similar Services: 22 contracts and an 18.5% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 0.8% share.

Solar is top technology for Asia-Pacific power plant contracts in Q3 2022

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Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 65 contracts with a 54.2% share, followed by wind with 27 contracts and a 22.5% share and thermal with 15 contracts and a 12.5% share.

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Asia-Pacific power plant contracts in Q3 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. Government Of Rajasthan (India): 10,000MW from one contract
  2. Xinjiang Yecheng: 2,000MW from one contract
  3. Philippines Department of Energy (Philippines): 1,936.93MW capacity from 18 contracts.

Asia-Pacific power plant contracts in Q3 2022: Top winners by capacity

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

  1. NTPC Renewable Energy (India): 10,000MW from one contract
  2. China Energy Engineering (China): 6,872.7MW from 38 contracts
  3. Shandong Yijian Construction (China): 3,210MW capacity from four 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.