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March 14, 2022

Asia-Pacific power plant contracts activity down 51% in February 2022

There were 24 power plant contracts announced in the Asia-Pacific region in February 2022, marking a drop of 51% over the last 12-month average of 49, 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 February 2022 with 24 contracts and a 34.3% share, followed by T&D Project with 19 contracts and a 27.1% share and Generation Equipment with 12 contracts and a 17.1% share during the month.

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

  1. Project Implementation: 18 contracts and a 75% share
  2. Consulting & Similar Services: four contracts and a 16.7% share
  3. Repair, Maintenance, Upgrade & Others: two contracts and an 8.3% share.

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

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 12 contracts with a 50% share, followed by wind with seven contracts and a 29.2% share and thermal with two contracts and an 8.3% share.

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Asia-Pacific power plant contracts in February 2022: Top companies by capacity

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

  1. Fujian Sangang Minguang Group: 160MW from one contract
  2. Shaanxi Ganquan Chaiguanshan Wind Power: 100MW from one contract
  3. Shandong Green Energy Investment and Tongzi County GCL Smart Energy Wind Power: 50MW capacity from one contract.

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

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

  1. China Power Engineering Consulting Group (China): 650MW from five contracts
  2. SEPCOI Electric Power Construction (China): 233.45MW from one contract
  3. Sinohydro Bureau 12 (China): 100.15MW 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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