Asia-Pacific power industry contracts activity in Q3 2021 saw 324 contracts announced, marking a drop of 2% over the last four-quarter average of 331, according to GlobalData’s power database.

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Asia-Pacific power industry contracts in Q3 2021: China leads activity

Looking at contracts by country, China led the activity in Q3 2021 with 87 contracts and a share of 26.9%, down 2.5% over the previous quarter and up 18% when compared with the last four-quarter average, followed by India with 73 contracts and a share of 22.5% and Australia with 31 contracts and a share of 9.6% during the quarter.

Looking at the last four-quarter average, China held the top spot with 74 contracts, followed by India with 58 and Australia with 33 contracts.

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Solar is top technology area for contracts in Q3 2021

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Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 155 contracts and a 51% share, followed by wind with 75 contracts and a 24.7% share and thermal with 35 contracts and an 11.5% 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 Q3 2021, with 135 contracts, followed by Electricity Procurement (94) and Generation Equipment (84).

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

  1. Project Implementation: 119 contracts and a 36.7% share
  2. Supply & Erection: 80 contracts and a 24.7% share
  3. Power Purchase Agreement: 72 contracts and a 22.2% share
  4. Consulting & Similar Services: 29 contracts and a 9% share
  5. Repair, Maintenance, Upgrade & Others: 13 contracts and a 4% share
  6. Electricity Supply: ten contracts and a 3.1% share
  7. Others: one contract and a 0.3% share.

Power contracts in Q3 2021: Top companies by capacity

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

  1. Akimat of Mangystau Region: 30,000MW from one contract
  2. Solar Energy Corporation of India (India): 4,310MW from 16 contracts
  3. Badan Pengusahaan Batam: 2,200MW capacity from one contract.

Power contracts in Q3 2021: Top winners by capacity

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

  1. Svevind (Sweden): 30,000MW from one contract
  2. Solar Energy Corporation of India (India): 3,350.64MW from five contracts
  3. Sunseap Group (Singapore): 2,206.51MW capacity from five 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.