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November 12, 2021

Power industry contracts in Asia-Pacific for October 2021 down 44%

Asia-Pacific power industry contracts activity in October 2021 saw 62 contracts announced, marking a drop of 44% over the last 12-month average of 111, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in October 2021: China leads activity

Looking at contracts by country, China led the activity in October 2021 with 20 contracts and a share of 32.3%, down 15% over the previous month and down 26% when compared with the last 12 month-average, followed by India with 13 contracts and a share of 21% and Australia with ten contracts and a share of 16.1% during the month.

Looking at the last 12-month average, China held the top spot with 27 contracts, followed by India with 20 and Australia with ten contracts.

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Solar is top technology area for contracts in October 2021

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 40 contracts and a 70.2% share, followed by wind with 13 contracts and a 22.8% share and thermal with one contract and a 1.8% share.

Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in October 2021, with 31 contracts, followed by Electricity Procurement (14) and Generation Equipment (9).

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

  1. Project Implementation: 28 contracts and a 45.2% share
  2. Supply & Erection: 14 contracts and a 22.6% share
  3. Power Purchase Agreement: 13 contracts and a 21% share
  4. Consulting & Similar Services: four contracts and a 6.5% share
  5. Electricity Supply: one contract and a 1.6% share
  6. Others: one contract and a 1.6% share
  7. Repair, Maintenance, Upgrade & Others: one contract and a 1.6% share.

Power contracts in October 2021: Top companies by capacity

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

  1. Energy Bureau of Guangxi Zhuang Autonomous Region: 1,550MW from one contract
  2. Ministry of Energy of the Republic of Kazakhstan (Kazakhstan): 1,000MW from one contract
  3. BHP (Australia): 320MW capacity from one contract.

Power contracts in October 2021: Top winners by capacity

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

  1. Total Eren (France): 1,000MW from one contract
  2. China Energy Engineering Group Planning and Engineering (China): 950MW from two contracts
  3. Anhui Electric Power Construction (China): 400MW 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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