Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
March 17, 2021

Asia-Pacific Solar technology contracts activity rises 28% in February 2021

By Amit Sharma

Asia-Pacific solar technology contracts in February 2021 saw 51 contracts announced, marking a rise of 28% over the last 12-month average of 40, according to GlobalData’s power industry contracts database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

  1. Power Purchase Agreement with 23 contracts and a 45.1% share
  2. Project Implementation: 20 contracts and a 39.2% share
  3. Supply & Erection: seven contracts and a 13.7% share
  4. Consulting & Similar Services: one contract and a 2% 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 February 2021 with 32 contracts and a 62.7% share, followed by China with four contracts and a 7.8% share and Pakistan with three contracts and a 5.9% share.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration
  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Asia-Pacific solar technology contracts in February 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. Municipal Corporation of Greater Mumbai and Uttar Pradesh Power (India): 100MW from one contract
  3. Vietnam Electricity (Vietnam): 23.2MW capacity from one contract.

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

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

  1. Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
  2. Shirdi Sai Electricals (India): 2,200MW from four contracts
  3. NTPC (India): 600MW 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.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU