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July 20, 2020updated 20 Jan 2021 12:21pm

Asia-Pacific renewable energy auctions for H1 2020 up 1600% year on year

Asia-Pacific renewable energy auctions in H1 2020 totalled 34, marking a rise of 1600% compared with two auctions in H1 2019, according to GlobalData’s power database.

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The H1 total for renewable energy auctions was up 467% year on year compared with the total of six auctions in H2 2019.

Asia-Pacific renewable energy auctions in H1 2020: India leads activity

Looking at renewable energy auctions by country, India held the top position with 25 auctions and a share of 73.5% during H1 2020, followed by Kazakhstan with eight auctions and a share of 23.5% and Japan with one auction and a share of 2.9%.

Solar is top technology area for renewable energy auctions in H1 2020

Looking at renewable energy auctions divided by the type of technology in Asia-Pacific, Solar accounted for the largest proportion with 26 auctions and a 74.3% share, followed by Wind with six auctions and a 17.1% share and Hydro with two auctions and a 5.7% share.

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Renewable energy auctions in H1 2020: Top companies by auctioned capacity

  1. Solar Energy Corporation of India (India): 5,809MW from nine auctions
  2. NTPC (India): 2,535MW from three auctions
  3. Rewa Ultra Mega Solar (India): 1,500MW from three auctions.

All publicly-announced renewable energy auctions (also known as demand auctions or procurement auctions) 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.

The database contains renewable energy auction details which are of interest for power sector players such as renewable energy developers, EPC companies, equipment suppliers, O&M service providers and renewable energy consultants among others.

More in-depth reports and analysis on all reported renewable energy auctions are available for subscribers to GlobalData’s Power database.

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