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October 26, 2021

Asia-Pacific Solar technology contracts activity rises 8% in Q3 2021

Asia-Pacific solar technology contracts in Q3 2021 saw 155 contracts announced, marking a rise of 8% over the last four-quarter average of 144, 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 60 contracts and a 38.7% share
  2. Power Purchase Agreement: 55 contracts and a 35.5% share
  3. Supply & Erection: 30 contracts and a 19.4% share
  4. Electricity Supply: six contracts and a 3.9% share
  5. Consulting & Similar Services: three contracts and a 1.9% share
  6. Repair, Maintenance, Upgrade & Others: one contract and a 0.6% 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 Q3 2021 with 45 contracts and a 29% share, followed by China with 33 contracts and a 21.3% share and Malaysia with 27 contracts and a 17.4% share.

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Asia-Pacific solar technology contracts in Q3 2021: Top companies by capacity

The top issuers of contracts for the quarter 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. Three Gorges New Energy Siziwangqi (China): 2,000MW capacity from one contract.

Asia-Pacific solar technology contracts in Q3 2021: Top winners by capacity

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

  1. Svevind (Sweden): 30,000MW from one contract
  2. Sunseap Group (Singapore): 2,206.51MW from five contracts
  3. Solar Energy Corporation of India (India): 2,010MW 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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