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There were 177 power plant contracts announced in the Asia-Pacific region in Q2 2022, marking a rise of 20% over the last four-quarter average of 148, 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 Q2 2022 with 177 contracts and a 43.1% share, followed by T&D Project with 89 contracts and a 21.7% share and Generation Equipment with 58 contracts and a 14.1% share during the quarter.

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

  1. Project Implementation: 129 contracts and a 72.9% share
  2. Consulting & Similar Services: 26 contracts and a 14.7% share
  3. Power Purchase Agreement: 17 contracts and a 9.6% share
  4. Repair, Maintenance, Upgrade & Others: five contracts and a 2.8% share.

Solar is top technology for Asia-Pacific power plant contracts in Q2 2022

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Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 122 contracts with a 65.9% share, followed by wind with 28 contracts and a 15.1% share and thermal with 18 contracts and a 9.7% share.

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Asia-Pacific power plant contracts in Q2 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. Rajasthan Renewable Energy (India): 10,000MW from one contract
  2. Riau Islands: 3,062MW from one contract
  3. County of Buxel and Government of Xinjiang Tacheng: 3,000MW capacity from one contract.

Asia-Pacific power plant contracts in Q2 2022: Top winners by capacity

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

  1. THDC India (India): 10,000MW from one contract
  2. China Energy Engineering (China): 4,527.69MW from 21 contracts
  3. Sunseap Group (Singapore): 3,062MW 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.