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There were 157 power plant contracts announced in the Asia-Pacific region in Q1 2021, marking a rise of 29% over the last four-quarter average of 122, 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 Q1 2021 with 157 contracts and a 44.4% share, followed by Generation Equipment with 80 contracts and a 22.6% share and Electricity Procurement with 71 contracts and a 20.1% share during the quarter.

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

  1. Project Implementation: 123 contracts and a 78.3% share
  2. Consulting & Similar Services: 21 contracts and a 13.4% share
  3. Power Purchase Agreement: nine contracts and a 5.7% share
  4. Repair, Maintenance, Upgrade & Others: four contracts and a 2.5% share.

Solar is top technology for Asia-Pacific power plant contracts in Q1 2021

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 105 contracts with a 66% share, followed by wind with 27 contracts and a 17% share and thermal with 16 contracts and a 10.1% share.

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Asia-Pacific power plant contracts in Q1 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. Gansu Province Electric Power Investment Group (China) and Nuclear Power Corporation of India (India): 2,000MW from one contract
  3. Ministry of Energy and Mines, Laos (Laos): 1,800MW capacity from one contract.

Asia-Pacific power plant contracts in Q1 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 3,885MW from eight contracts
  2. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  3. Larsen & Toubro (India): 2,410MW capacity from three 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.