Asia-Pacific solar technology contracts in Q3 2020 saw 112 contracts announced, marking a rise of 8% over the last four-quarter average of 104, 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:
- Project Implementation with 43 contracts and a 38.4% share
- Power Purchase Agreement: 34 contracts and a 30.4% share
- Supply & Erection: 26 contracts and a 23.2% share
- Consulting & Similar Services: four contracts and a 3.6% share
- Electricity Supply: four contracts and a 3.6% share
- Repair, Maintenance, Upgrade & Others: one contract and a 0.9% 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 2020 with 43 contracts and a 38.4% share, followed by Australia with 16 contracts and a 14.3% share and China with 14 contracts and a 12.5% share.
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Asia-Pacific solar technology contracts in Q3 2020: Top issuers by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- Solar Energy Corporation of India (India): 4,981.95MW from five contracts
- Da Afghanistan Breshna Sherkat (Afghanistan): 3,085MW from four contracts
- Gujarat Urja Vikas Nigam (India): 1,250MW capacity from nine contracts.
Asia-Pacific solar technology contracts in Q3 2020: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- Azure Power (India): 4,000MW from one contract
- PAL four Solar Energy L (United Arab Emirates): 3,000MW from one contract
- NHPC (India): 1,700MW 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.