There were 65 power plant contracts announced in the Asia-Pacific region in April 2022, marking a rise of 35% over the last 12-month average of 48, 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 April 2022 with 65 contracts and a 39.4% share, followed by T&D Project with 40 contracts and a 24.2% share and Generation Equipment with 26 contracts and a 15.8% share during the month.

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

  1. Project Implementation: 52 contracts and an 80% share
  2. Consulting & Similar Services: nine contracts and a 13.8% share
  3. Power Purchase Agreement: three contracts and a 4.6% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 1.5% share.

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

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Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 49 contracts with a 71% share, followed by hydro with six contracts and an 8.7% share and wind with six contracts and an 8.7% share.

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Asia-Pacific power plant contracts in April 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. Riau Islands: 3,062MW from one contract
  2. County of Buxel and Government of Xinjiang Tacheng: 3,000MW from one contract
  3. West Holdings (Japan): 2,700MW capacity from four contracts.

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

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

  1. Sunseap Group (Singapore): 3,062MW from one contract
  2. JERA (Japan): 2,700MW from four contracts
  3. Dongfang Electric (China): 2,000MW 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.