Asia-Pacific solar technology contracts in March 2021 saw 74 contracts announced, marking a rise of 68% over the last 12-month average of 44, according to GlobalData’s power industry contracts database.

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The proportion of solar technology contracts by category tracked by GlobalData in the month was as follows:

  1. Project Implementation with 49 contracts and a 66.2% share
  2. Supply & Erection: 13 contracts and a 17.6% share
  3. Power Purchase Agreement: ten contracts and a 13.5% share
  4. Electricity Supply: two contracts and a 2.7% share.

Malaysia tops Asia-Pacific solar power contracts activity

Malaysia was the top country in the Asia-Pacific region for solar technology contracts recorded in March 2021 with 30 contracts and a 40.5% share, followed by India with 15 contracts and a 20.3% share and China with six contracts and an 8.1% share.

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Asia-Pacific solar technology contracts in March 2021: Top issuers by capacity

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

  1. Suruhanjaya Tenaga (Malaysia): 823.06MW from 30 contracts
  2. Gujarat Urja Vikas Nigam (India): 500MW from five contracts
  3. Marubeni (Japan), Alcoa (United States) and CITIC Nominees Pty: 275MW capacity from one contract.

Asia-Pacific solar technology contracts in March 2021: Top winners by capacity

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

  1. AGL Energy (Australia), Alinta Energy Pty (Australia) and Origin Energy (Australia): 275MW from one contract
  2. NTPC (India): 150MW from one contract
  3. Sunseap Group Pte (Singapore): 124MW capacity from two 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.