Asia-Pacific power industry contracts activity in Q1 2022 saw 270 contracts announced, marking a drop of 22% over the last four-quarter average of 344, according to GlobalData’s power database.
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Asia-Pacific power industry contracts in Q1 2022: China leads activity
Looking at contracts by country, China led the activity in Q1 2022 with 124 contracts and a share of 45.9%, up 8.2% over the previous quarter and up 24% when compared with the last four-quarter average, followed by India with 52 contracts and a share of 19.3% and Australia with 19 contracts and a share of 7% during the quarter.
Looking at the last four-quarter average, China held the top spot with 100 contracts, followed by India with 68 and Australia with 24 contracts.
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Solar is top technology area for contracts in Q1 2022
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 136 contracts and a 56.7% share, followed by wind with 54 contracts and a 22.5% share and thermal with 28 contracts and an 11.7% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Asia-Pacific power contracts activity during Q1 2022, with 120 contracts, followed by T&D Project (64) and Generation Equipment (60).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Project Implementation: 109 contracts and a 40.4% share
- Supply & Erection: 54 contracts and a 20% share
- Power Purchase Agreement: 51 contracts and an 18.9% share
- Consulting & Similar Services: 48 contracts and a 17.8% share
- Repair, Maintenance, Upgrade & Others: eight contracts and a 3% share.
Power contracts in Q1 2022: Top companies by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- China Huadian (China): 3,000MW from one contract
- Rajasthan Rajya Vidyut Utpadan Nigam (India): 1,785MW from one contract
- Hubei Qichun Garden Pumped Storage Power Station: 1,200MW capacity from one contract.
Power contracts in Q1 2022: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- China Power Engineering Consulting Group (China): 12,536.6MW from 25 contracts
- Solar Energy Corporation of India (India): 2,275MW from two contracts
- Greenko Energies (India): 975MW 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.
