View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Market Data
June 22, 2022

Power industry contracts in Asia-Pacific for May 2022 down 9%

By Carmen

Asia-Pacific power industry contracts activity in May 2022 saw 105 contracts announced, marking a drop of 9% over the last 12-month average of 115, according to GlobalData’s power database.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

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

Looking at contracts by country, China led the activity in May 2022 with 74 contracts and a share of 70.5%, up 17.2% over the previous month and up 76% when compared with the last 12 month-average, followed by India with 15 contracts and a share of 14.3% and Vietnam with three contracts and a share of 2.9% during the month.

Looking at the last 12-month average, China held the top spot with 42 contracts, followed by India with 21 and Australia with eight contracts.

  • Embed this chart

    Embed this chart into your website

    Copy and paste the code below into your website to display the chart.

Solar is top technology area for contracts in May 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 53 contracts and a 57% share, followed by wind with 22 contracts and a 23.7% share and thermal with 14 contracts and a 15.1% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in May 2022, with 61 contracts, followed by T&D Project (28) and Generation Equipment (17).

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

  1. Project Implementation: 58 contracts and a 55.2% share
  2. Consulting & Similar Services: 16 contracts and a 15.2% share
  3. Power Purchase Agreement: 12 contracts and an 11.4% share
  4. Supply & Erection: 11 contracts and a 10.5% share
  5. Repair, Maintenance, Upgrade & Others: eight contracts and a 7.6% share.

Power contracts in May 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 Southern Power Grid (China) and Vietnam Electricity (Vietnam): 1,200MW from one contract
  2. SJVN (India): 1,000MW from one contract
  3. People’s Government of Yongfu County: 900MW capacity from one contract.

Power contracts in May 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 Energy Engineering (China): 2,523.99MW from 11 contracts
  2. PowerChina Hubei Engineering (China): 2,450MW from two contracts
  3. Tata Power Solar Systems (India): 1,300MW 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.

Related Companies

Topics in this article:
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology