Asia-Pacific Solar technology contracts in October 2021: Exclusive analysis
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Asia-Pacific Solar technology contracts activity drops 20% in October 2021

12 Nov 2021

Asia-Pacific Solar technology contracts activity drops 20% in October 2021

Asia-Pacific solar technology contracts in October 2021 saw 40 contracts announced, marking a drop of 20% over the last 12-month average of 50, 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 month was as follows:

  1. Project Implementation with 20 contracts and a 50% share
  2. Power Purchase Agreement: 13 contracts and a 32.5% share
  3. Supply & Erection: four contracts and a 10% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 2.5% share
  5. Consulting & Similar Services: one contract and a 2.5% share
  6. Electricity Supply: one contract and a 2.5% 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 October 2021 with 15 contracts and a 37.5% share, followed by India with nine contracts and a 22.5% share and Australia with six contracts and a 15% share.

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Asia-Pacific solar technology contracts in October 2021: Top companies by capacity

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

  1. Energy Bureau of Guangxi Zhuang Autonomous Region: 1,550MW from one contract
  2. BHP (Australia): 320MW from one contract
  3. Beximco Group (Bangladesh): 280MW capacity from one contract.

Asia-Pacific solar technology contracts in October 2021: Top winners by capacity

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

  1. China Energy Engineering Group Planning and Engineering (China): 950MW from two contracts
  2. Anhui Electric Power Construction (China): 400MW from one contract
  3. Iberdrola (Spain): 320MW 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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