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January 20, 2022updated 24 Jan 2022 10:11am

Asia-Pacific Solar technology contracts activity rises 27% in Q4 2021

By admin-demo

Asia-Pacific solar technology contracts in Q4 2021 saw 194 contracts announced, marking a rise of 27% over the last four-quarter average of 153, according to GlobalData’s power industry contracts database.

The proportion of solar technology contracts by category tracked by GlobalData in the quarter was as follows:

  1. Project Implementation with 97 contracts and a 50% share
  2. Power Purchase Agreement: 60 contracts and a 30.9% share
  3. Supply & Erection: 28 contracts and a 14.4% share
  4. Consulting & Similar Services: five contracts and a 2.6% share
  5. Electricity Supply: two contracts and a 1% share
  6. Repair, Maintenance, Upgrade & Others: two contracts and a 1% 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 Q4 2021 with 70 contracts and a 36.1% share, followed by India with 56 contracts and a 28.9% share and Australia with 13 contracts and a 6.7% share.

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Asia-Pacific solar technology contracts in Q4 2021: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 9,985MW from 12 contracts
  2. Energy Bureau of Guangxi Zhuang Autonomous Region: 1,550MW from one contract
  3. Stanwell (Australia): 600MW capacity from one contract.

Asia-Pacific solar technology contracts in Q4 2021: Top winners by capacity

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

  1. Adani Green Energy (India): 5,000MW from two contracts
  2. Azure Power (India): 3,100MW from three contracts
  3. China Energy Engineering Group Planning and Engineering (China): 2,983.54MW capacity from 16 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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