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October 19, 2020

Asia-Pacific power plant contracts activity up 8% in September 2020

There were 39 power plant contracts announced in the Asia-Pacific region in September 2020, marking a rise of 8% over the last 12-month average of 36, 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 September 2020 with 39 contracts and a 33.1% share, followed by Generation Equipment with 29 contracts and a 24.6% share and Electricity Procurement with 28 contracts and a 23.7% share during the month.

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

  1. Project Implementation: 27 contracts and a 69.2% share
  2. Power Purchase Agreement: eight contracts and a 20.5% share
  3. Consulting & Similar Services: four contracts and a 10.3% share.

Solar is top technology for Asia-Pacific power plant contracts in September 2020

Looking at power plant contracts by the type of technology in the Asia-Pacific region, solar accounted for 23 contracts with a 57.5% share, followed by thermal with six contracts and a 15% share and wind with six contracts and a 15% share.

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Asia-Pacific power plant contracts in September 2020: Top issuers by capacity

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

  1. Taiwan Power (Taiwan): 6,500MW from one contract
  2. Hin Kong Power (Thailand): 1,400MW from one contract
  3. UPC AC Renewables Australia (Australia): 400MW capacity from one contract.

Asia-Pacific power plant contracts in September 2020: Top winners by capacity

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

  1. General Electric International (United States) and CTCI (Taiwan): 6,500MW from one contract
  2. SEPCOIII Electric Power Construction (China): 3,320MW from two contracts
  3. Mitsubishi Power (Japan): 1,400MW 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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