Asia-Pacific renewable energy auctions for H1 2019 increase significantly year on year

9 August 2019 (Last Updated August 9th, 2019 14:44)

Asia-Pacific renewable energy auctions for H1 2019 increase significantly year on year

Asia-Pacific renewable energy auctions in H1 2019 totalled 32, marking a huge rise compared with one auction in H1 2018, 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.

The H1 total for renewable energy auctions was up 540% year on year compared with the total of five auctions in H2 2018.

Asia-Pacific renewable energy auctions in H1 2019: India leads activity

Looking at renewable energy auctions by country, India held the top position with 21 auctions and a share of 65.6% during H1 2019, followed by Kazakhstan with eight auctions and a share of 25% and Uzbekistan with two auctions and a share of 6.3%.

In fourth place was Malaysia with one auction and a share of 3.1%.

Solar is top technology area for renewable energy auctions in H1 2019

Looking at renewable energy auctions divided by the type of technology in Asia-Pacific, Solar accounted for the largest proportion with 23 auctions and a 71.9% share, followed by Wind with five auctions and a 15.6% share and Hydro with three auctions and a 9.4% share.

Renewable energy auctions in H1 2019: Top companies by auctioned capacity

  1. Solar Energy Corporation of India (India): 12,969.5MW from Eleven auctions
  2. NTPC (India): 2,015MW from three auctions
  3. Maharashtra State Electricity Distribution (India): 1,500MW from two auctions.

All publicly-announced renewable energy auctions (also known as demand auctions or procurement auctions) 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.

The database contains renewable energy auction details which are of interest for power sector players such as renewable energy developers, EPC companies, equipment suppliers, O&M service providers and renewable energy consultants among others.

More in-depth reports and analysis on all reported renewable energy auctions are available for subscribers to GlobalData’s Power database.