Asia-Pacific power industry contracts activity in Q2 2022 saw 331 contracts announced, marking a drop of 1% over the last four-quarter average of 334, 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 Q2 2022: China leads activity

Looking at contracts by country, China led the activity in Q2 2022 with 205 contracts and a share of 61.9%, up 17.7% over the previous quarter and up 75% when compared with the last four-quarter average, followed by India with 46 contracts and a share of 13.9% and Japan with 17 contracts and a share of 5.1% during the quarter.

Looking at the last four-quarter average, China held the top spot with 117 contracts, followed by India with 64 and Australia with 27 contracts.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

  • 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 Q2 2022

Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 171 contracts and a 60.2% share, followed by wind with 58 contracts and a 20.4% share and thermal with 31 contracts and a 10.9% 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 Q2 2022, with 177 contracts, followed by T&D Project (89) and Generation Equipment (58).

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

  1. Project Implementation: 162 contracts and a 48.9% share
  2. Consulting & Similar Services: 58 contracts and a 17.5% share
  3. Supply & Erection: 54 contracts and a 16.3% share
  4. Power Purchase Agreement: 43 contracts and a 13% share
  5. Repair, Maintenance, Upgrade & Others: 13 contracts and a 3.9% share
  6. Others: one contract and a 0.3% share.

Power contracts in Q2 2022: Top companies by capacity

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

  1. Rajasthan Renewable Energy (India): 10,000MW from one contract
  2. Riau Islands: 3,062MW from one contract
  3. County of Buxel and Government of Xinjiang Tacheng: 3,000MW capacity from one contract.

Power contracts in Q2 2022: Top winners by capacity

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

  1. THDC India (India): 10,000MW from one contract
  2. China Energy Engineering (China): 4,527.69MW from 21 contracts
  3. Sunseap Group (Singapore): 3,062MW 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.