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July 14, 2022

Power industry contracts in Asia-Pacific for Q2 2022 down 1%

By Carmen

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.

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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.

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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.

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