Asia-Pacific solar technology contracts in Q3 2022 saw 81 contracts announced, marking a drop of 55% over the last four-quarter average of 179, 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 47 contracts and a 58% share
  2. Power Purchase Agreement: 16 contracts and a 19.8% share
  3. Consulting & Similar Services: 16 contracts and a 19.8% share
  4. Others: two contracts 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 Q3 2022 with 60 contracts and a 74.1% share, followed by the Philippines with seven contracts and an 8.6% share and India with five contracts and a 6.2% share.

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Asia-Pacific solar technology contracts in Q3 2022: Top companies by capacity

The top issuers of contracts for the quarter 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. Philippines Department of Energy (Philippines): 1,490.38MW capacity from seven contracts.

Asia-Pacific solar technology contracts in Q3 2022: Top winners by capacity

The top winners of contracts for the quarter 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): 4,750.7MW from 27 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.