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.

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.

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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.

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