Asia-Pacific power industry contracts activity in November 2020 saw 57 contracts announced, marking a drop of 39% over the last 12-month average of 93, according to GlobalData’s power database.
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Asia-Pacific power industry contracts in November 2020: China leads activity
Looking at contracts by country, China led the activity in November 2020 with 20 contracts and a share of 35.1%, up 17.8% over the previous month and up 18% when compared with the last 12 month-average, followed by Australia with eight contracts and a share of 14% and India with five contracts and a share of 8.8% during the month.
Looking at the last 12-month average, India held the top spot with 18 contracts, followed by China with 17 and Vietnam with nine contracts.
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Solar is top technology area for contracts in November 2020
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 23 contracts and a 41.8% share, followed by wind with 15 contracts and a 27.3% share and thermal with nine contracts and a 16.4% share.
Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Generation Equipment was the most popular segment in November 2020, with 25 contracts, followed by Power Plant (24) and T&D Project (8).
The proportion of contracts by category tracked by GlobalData in the month was as follows:
- Supply & Erection: 26 contracts and a 45.6% share
- Project Implementation: 20 contracts and a 35.1% share
- Power Purchase Agreement: seven contracts and a 12.3% share
- Consulting & Similar Services: three contracts and a 5.3% share
- Repair, Maintenance, Upgrade & Others: one contract and a 1.8% share.
Power contracts in November 2020: Top issuers by capacity
The top issuers of contracts for the month in terms of power capacity involved in Asia-Pacific were:
- Korea Western Power (South Korea): 728MW from one contract
- Trading Construction Works Organization: 350MW from one contract
- Global Power Generation (Spain): 109.2MW capacity from one contract.
Power contracts in November 2020: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved in Asia-Pacific were:
- Doosan Heavy Industries & Construction (South Korea): 728MW from one contract
- SEPCO Electric Power Construction (China): 450MW from one contract
- China Gezhouba Group (China): 350MW 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.
