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March 14, 2022

Asia-Pacific Solar technology contracts activity drops 49% in February 2022

Asia-Pacific solar technology contracts in February 2022 saw 27 contracts announced, marking a drop of 49% over the last 12-month average of 53, 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 ten contracts and a 37% share
  2. Power Purchase Agreement: nine contracts and a 33.3% share
  3. Supply & Erection: six contracts and a 22.2% share
  4. Consulting & Similar Services: one contract and a 3.7% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 3.7% share.

India tops Asia-Pacific solar power contracts activity

India was the top country in the Asia-Pacific region for solar technology contracts recorded in February 2022 with ten contracts and a 37% share, followed by China with seven contracts and a 25.9% share and Japan with five contracts and an 18.5% share.

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

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

  1. Rajasthan Rajya Vidyut Utpadan Nigam (India): 1,785MW from one contract
  2. Sify Technologies: 231MW from one contract
  3. Grasim Industries (India): 34.28MW capacity from two contracts.

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

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

  1. Solar Energy Corporation of India (India): 1,785MW from one contract
  2. China Power Engineering Consulting Group (China): 290MW from three contracts
  3. SEPCOI Electric Power Construction (China): 233.45MW 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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