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  1. Market Data
April 11, 2022

Asia-Pacific Solar technology contracts activity drops 17% in Q1 2022

By Carmen

Asia-Pacific solar technology contracts in Q1 2022 saw 136 contracts announced, marking a drop of 17% over the last four-quarter average of 163, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation with 66 contracts and a 48.5% share
  2. Power Purchase Agreement: 41 contracts and a 30.1% share
  3. Supply & Erection: 20 contracts and a 14.7% share
  4. Consulting & Similar Services: seven contracts and a 5.1% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 1.5% share.

China tops Asia-Pacific solar power contracts activity

China was the top country in the Asia-Pacific region for solar technology contracts recorded in Q1 2022 with 48 contracts and a 35.3% share, followed by India with 40 contracts and a 29.4% share and Japan with 14 contracts and a 10.3% share.

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Asia-Pacific solar technology contracts in Q1 2022: Top companies by capacity

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

  1. China Huadian (China): 3,000MW from one contract
  2. Rajasthan Rajya Vidyut Utpadan Nigam (India): 1,785MW from one contract
  3. ArcelorMittal (Luxembourg): 975MW capacity from one contract.

Asia-Pacific solar technology contracts in Q1 2022: Top winners by capacity

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

  1. China Power Engineering Consulting Group (China): 9,126.6MW from 19 contracts
  2. Solar Energy Corporation of India (India): 2,275MW from two contracts
  3. Greenko Energies (India): 975MW 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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