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August 20, 2021

Asia-Pacific Solar technology contracts activity rises 19% in July 2021

Asia-Pacific solar technology contracts in July 2021 saw 56 contracts announced, marking a rise of 19% over the last 12-month average of 47, 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. Power Purchase Agreement with 21 contracts and a 37.5% share
  2. Project Implementation: 21 contracts and a 37.5% share
  3. Supply & Erection: 11 contracts and a 19.6% share
  4. Repair, Maintenance, Upgrade & Others: one contract and a 1.8% share
  5. Consulting & Similar Services: one contract and a 1.8% share
  6. Electricity Supply: one contract and a 1.8% 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 July 2021 with 16 contracts and a 28.6% share, followed by Malaysia with nine contracts and a 16.1% share and China with seven contracts and a 12.5% share.

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

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

  1. Akimat of Mangystau Region: 30,000MW from one contract
  2. Badan Pengusahaan Batam: 2,200MW from one contract
  3. BSES Rajdhani Power (India) and BSES Yamuna Power (India): 510MW capacity from one contract.

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

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

  1. Svevind (Sweden): 30,000MW from one contract
  2. Sunseap Group Pte (Singapore): 2,200MW from one contract
  3. Abu Dhabi Future Energy (United Arab Emirates): 880MW capacity from three 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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