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  1. Market Data
May 9, 2022

Power industry contracts in Asia-Pacific for April 2022 up 25%

By Carmen

Asia-Pacific power industry contracts activity in April 2022 saw 136 contracts announced, marking a rise of 25% over the last 12-month average of 109, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in April 2022: China leads activity

Looking at contracts by country, China led the activity in April 2022 with 79 contracts and a share of 58.1%, up 4.4% over the previous month and up 108% when compared with the last 12 month-average, followed by India with 16 contracts and a share of 11.8% and Japan with ten contracts and a share of 7.4% during the month.

Looking at the last 12-month average, China held the top spot with 38 contracts, followed by India with 20 and Australia with eight contracts.

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Solar is top technology area for contracts in April 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 70 contracts and a 64.2% share, followed by wind with 20 contracts and an 18.3% share and thermal with nine contracts and an 8.3% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in April 2022, with 65 contracts, followed by T&D Project (40) and Generation Equipment (26).

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

  1. Project Implementation: 69 contracts and a 50.7% share
  2. Supply & Erection: 27 contracts and a 19.9% share
  3. Consulting & Similar Services: 22 contracts and a 16.2% share
  4. Power Purchase Agreement: 14 contracts and a 10.3% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 2.9% share.

Power contracts in April 2022: Top companies by capacity

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

  1. Riau Islands: 3,062MW from one contract
  2. County of Buxel and Government of Xinjiang Tacheng: 3,000MW from one contract
  3. West Holdings (Japan): 2,700MW capacity from four contracts.

Power contracts in April 2022: Top winners by capacity

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

  1. Sunseap Group (Singapore): 3,062MW from one contract
  2. JERA (Japan): 2,700MW from four contracts
  3. Dongfang Electric (China): 2,000MW 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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