Asia-Pacific Solar technology contracts activity drops 8% in January 2021

Asia-Pacific solar technology contracts in January 2021 saw 36 contracts announced, marking a drop of 8% over the last 12-month average of 39, 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:

Project Implementation with 15 contracts and a 41.7% share
Supply & Erection: ten contracts and a 27.8% share
Power Purchase Agreement: eight contracts and a 22.2% share
Consulting & Similar Services: two contracts and a 5.6% share
Repair, Maintenance, Upgrade & Others: one contract and a 2.8% 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 January 2021 with 13 contracts and a 36.1% share, followed by India with seven contracts and a 19.4% share and Vietnam with four contracts and an 11.1% share.

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

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

Gujarat State Electricity (India): 95MW from one contract
NTPC (India): 90MW from one contract
Uttar Pradesh Power (India): 75MW capacity from one contract.

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

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

Tata Power Solar Systems (India): 95MW from one contract
Amara Raja Power Systems (India): 90MW from one contract
Talettutayi Solar Projects Five Pvt (India): 75MW 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.