Asia-Pacific power industry contracts activity in Q3 2022 saw 227 contracts announced, marking a drop of 39% over the last four-quarter average of 370, according to GlobalData’s power database.
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Asia-Pacific power industry contracts in Q3 2022: China leads activity
Looking at contracts by country, China led the activity in Q3 2022 with 162 contracts and a share of 71.4%, up 10.5% over the previous quarter and flat growth when compared with the last four-quarter average, followed by the Philippines with 20 contracts and a share of 8.8% and India with ten contracts and a share of 4.4% during the quarter.
Looking at the last four-quarter average, China held the top spot with 162 contracts, followed by India with 68 and Australia with 24 contracts.
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Solar is top technology area for contracts in Q3 2022
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Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 81 contracts and a 48.5% share, followed by wind with 47 contracts and a 28.1% share and thermal with 18 contracts and a 10.8% 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 2022, with 119 contracts, followed by T&D Project (100) and Electricity Procurement (37).
The proportion of contracts by category tracked by GlobalData in the quarter was as follows:
- Project Implementation: 94 contracts and a 41.4% share
- Consulting & Similar Services: 75 contracts and a 33% share
- Power Purchase Agreement: 37 contracts and a 16.3% share
- Supply & Erection: 15 contracts and a 6.6% share
- Repair, Maintenance, Upgrade & Others: four contracts and a 1.8% share
- Others: two contracts and a 0.9% share.
Power contracts in Q3 2022: Top companies by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- Government Of Rajasthan (India): 10,000MW from one contract
- Xinjiang Yecheng: 2,000MW from one contract
- Philippines Department of Energy (Philippines): 1,936.93MW capacity from 18 contracts.
Power contracts in Q3 2022: Top winners by capacity
The top winners of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- NTPC Renewable Energy (India): 10,000MW from one contract
- China Energy Engineering (China): 7,602.7MW from 41 contracts
- Shandong Yijian Construction (China): 3,210MW capacity from four 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.
