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  1. Market Data
May 9, 2022

Asia-Pacific Solar technology contracts activity rises 37% in April 2022

By Carmen

Asia-Pacific solar technology contracts in April 2022 saw 70 contracts announced, marking a rise of 37% over the last 12-month average of 51, 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 43 contracts and a 61.4% share
  2. Power Purchase Agreement: 11 contracts and a 15.7% share
  3. Supply & Erection: 11 contracts and a 15.7% share
  4. Consulting & Similar Services: four contracts and a 5.7% share
  5. Repair, Maintenance, Upgrade & Others: one contract and a 1.4% 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 April 2022 with 41 contracts and a 58.6% share, followed by India with eight contracts and an 11.4% share and Japan with seven contracts and a 10% share.

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

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

  1. Riau Islands: 3,062MW from one contract
  2. County of Buxel and Government of Xinjiang Tacheng: 3,000MW from one contract
  3. West Holdings (Japan): 2,700MW capacity from four contracts.

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

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

  1. Sunseap Group (Singapore): 3,062MW from one contract
  2. JERA (Japan): 2,700MW from four contracts
  3. Azure Power (India): 1,700MW 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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