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  1. Market Data
June 17, 2021

Asia-Pacific Solar technology contracts activity drops 33% in May 2021

By Amit Sharma

Asia-Pacific solar technology contracts in May 2021 saw 32 contracts announced, marking a drop of 33% over the last 12-month average of 48, 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 13 contracts and a 40.6% share
  2. Power Purchase Agreement: ten contracts and a 31.3% share
  3. Supply & Erection: eight contracts and a 25% share
  4. Consulting & Similar Services: one contract and a 3.1% 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 May 2021 with ten contracts and a 31.3% share, followed by China with nine contracts and a 28.1% share and Australia with three contracts and a 9.4% share.

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

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

  1. State Power Investment (China): 7,200MW from one contract
  2. Solar Energy Corporation of India (India): 540MW from one contract
  3. Ministry of Energy of the Republic of Uzbekistan (Uzbekistan): 440MW capacity from one contract.

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

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. JSW Energy (India): 540MW from one contract
  3. Abu Dhabi Future Energy (United Arab Emirates): 440MW 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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