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August 9, 2022

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

By Carmen

Asia-Pacific solar technology contracts in July 2022 saw 30 contracts announced, marking a drop of 49% over the last 12-month average of 59, 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 28 contracts and a 93.3% share
  2. Others: one contract and a 3.3% share
  3. Power Purchase Agreement: one contract and a 3.3% 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 July 2022 with 25 contracts and an 83.3% share, followed by India with three contracts and a 10% share and Vietnam with one contract and a 3.3% share.

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

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

  1. Government Of Rajasthan (India): 10,000MW from one contract
  2. Xinjiang Yecheng: 2,000MW from one contract
  3. State Grid Energy Hefeng Coal and Electricity: 300MW capacity from one contract.

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

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

  1. NTPC Renewable Energy (India): 10,000MW from one contract
  2. China Energy Engineering (China): 2,690MW from 16 contracts
  3. PetroChina (China): 2,000MW 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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