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August 9, 2022

Power industry contracts in Asia-Pacific for July 2022 down 30%

By Carmen

Asia-Pacific power industry contracts activity in July 2022 saw 85 contracts announced, marking a drop of 30% over the last 12-month average of 121, according to GlobalData’s power database.

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

Looking at contracts by country, China led the activity in July 2022 with 66 contracts and a share of 77.6%, up 10.9% over the previous month and up 27% when compared with the last 12 month-average, followed by India with six contracts and a share of 7.1% and Vietnam with four contracts and a share of 4.7% during the month.

Looking at the last 12-month average, China held the top spot with 52 contracts, followed by India with 22 and Australia with eight contracts.

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Solar is top technology area for contracts in July 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 30 contracts and a 50.8% share, followed by wind with 18 contracts and a 30.5% share and hydro with six contracts and a 10.2% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in July 2022, with 44 contracts, followed by T&D Project (37) and Generation Equipment (10).

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

  1. Project Implementation: 47 contracts and a 55.3% share
  2. Consulting & Similar Services: 21 contracts and a 24.7% share
  3. Supply & Erection: 12 contracts and a 14.1% share
  4. Power Purchase Agreement: two contracts and a 2.4% share
  5. Repair, Maintenance, Upgrade & Others: two contracts and a 2.4% share
  6. Others: one contract and a 1.2% share.

Power contracts in July 2022: Top companies by capacity

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

  1. Government Of Rajasthan (India): 10,000MW from one contract
  2. Xinjiang Yecheng: 2,000MW from one contract
  3. Shenzhen Energy Group (China): 1,800MW capacity from one contract.

Power contracts in July 2022: Top winners by capacity

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

  1. NTPC Renewable Energy (India): 10,000MW from one contract
  2. China Energy Engineering (China): 3,046MW from 20 contracts
  3. Shandong Yijian Construction (China): 2,500MW capacity from two 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.

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