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Asia-Pacific solar technology contracts in Q1 2021 saw 179 contracts announced, marking a rise of 44% over the last four-quarter average of 124, 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 93 contracts and a 52% share
  2. Power Purchase Agreement: 48 contracts and a 26.8% share
  3. Supply & Erection: 31 contracts and a 17.3% share
  4. Consulting & Similar Services: four contracts and a 2.2% share
  5. Electricity Supply: two contracts and a 1.1% 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 Q1 2021 with 65 contracts and a 36.3% share, followed by Malaysia with 32 contracts and a 17.9% share and China with 25 contracts and a 14% share.

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Asia-Pacific solar technology contracts in Q1 2021: Top issuers by capacity

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

  1. Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
  2. Gujarat Urja Vikas Nigam (India): 1,000MW from nine contracts
  3. NTPC (India): 950MW capacity from five contracts.

Asia-Pacific solar technology contracts in Q1 2021: Top winners by capacity

The top winners of contracts for the quarter 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): 950MW 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.