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April 8, 2022

Power industry contracts in Asia-Pacific for March 2022 up 14%

By Carmen

Asia-Pacific power industry contracts activity in March 2022 saw 124 contracts announced, marking a rise of 14% over the last 12-month average of 109, according to GlobalData’s power database.

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

 

Looking at contracts by country, China led the activity in March 2022 with 71 contracts and a share of 57.3%, up 12.3% over the previous month and up 115% when compared with the last 12 month-average, followed by India with 16 contracts and a share of 12.9% and Australia with ten contracts and a share of 8.1% during the month.

Looking at the last 12-month average, China held the top spot with 33 contracts, followed by India with 21 and Australia with eight contracts.

 
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Solar is top technology area for contracts in March 2022

 

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 63 contracts and a 56.8% share, followed by wind with 29 contracts and a 26.1% share and thermal with 15 contracts and a 13.5% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in March 2022, with 60 contracts, followed by T&D Project (34) and Generation Equipment (27).

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

  1. Project Implementation: 49 contracts and a 39.5% share
  2. Consulting & Similar Services: 27 contracts and a 21.8% share
  3. Power Purchase Agreement: 22 contracts and a 17.7% share
  4. Supply & Erection: 22 contracts and a 17.7% share
  5. Repair, Maintenance, Upgrade & Others: four contracts and a 3.2% share.

 

Power contracts in March 2022: Top companies by capacity

 

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

  1. China Huadian (China): 3,000MW from one contract
  2. Hubei Qichun Garden Pumped Storage Power Station: 1,200MW from one contract
  3. ArcelorMittal (Luxembourg): 975MW capacity from one contract.

 

Power contracts in March 2022: Top winners by capacity

 

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

  1. China Power Engineering Consulting Group (China): 11,027MW from 14 contracts
  2. Greenko Energies (India): 975MW from one contract
  3. PowerChina Nuclear Engineering (China): 500MW 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.

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