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June 22, 2022

Asia-Pacific Solar technology contracts activity drops 4% in May 2022

By Carmen

Asia-Pacific solar technology contracts in May 2022 saw 53 contracts announced, marking a drop of 4% over the last 12-month average of 55, 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 35 contracts and a 66% share
  2. Power Purchase Agreement: 11 contracts and a 20.8% share
  3. Supply & Erection: three contracts and a 5.7% share
  4. Consulting & Similar Services: two contracts and a 3.8% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 3.8% 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 May 2022 with 32 contracts and a 60.4% share, followed by India with 14 contracts and a 26.4% share and Indonesia with two contracts and a 3.8% share.

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

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

  1. SJVN (India): 1,000MW from one contract
  2. People’s Government of Yongfu County: 900MW from one contract
  3. China Three Gorges (China): 450MW capacity from one contract.

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

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

  1. PowerChina Hubei Engineering (China): 2,450MW from two contracts
  2. Tata Power Solar Systems (India): 1,300MW from two contracts
  3. China Energy Engineering (China): 563.99MW capacity from six 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.

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