There were 21 generation equipment contracts announced in the Asia-Pacific region in May 2021, marking a drop of 34% over the last 12-month average of 32, according to GlobalData’s power industry contracts database.

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Power Plant stood at first place when compared with other power tender categories in the Asia-Pacific region in May 2021 with 37 contracts and a 45.1% share, followed by Generation Equipment with 21 contracts and a 25.6% share and Electricity Procurement with 11 contracts and a 13.4% share during the month.

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

  1. Supply & Erection: 16 contracts and a 76.2% share
  2. Project Implementation: three contracts and a 14.3% share
  3. Repair, Maintenance, Upgrade & Others: one contract and a 4.8% share
  4. Consulting & Similar Services: one contract and a 4.8% share.

Solar is top technology for Asia-Pacific generation equipment contracts in May 2021

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, solar accounted for eight contracts with a 40% share, followed by wind with seven contracts and a 35% share and thermal with three contracts and a 15% share.

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Asia-Pacific generation equipment contracts in May 2021: Top issuers by capacity

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

  1. State Power Investment (China): 7,200MW from one contract
  2. Neoen Australia Pty (Australia): 157MW from one contract
  3. Osaka Gas (Japan), Tokyo Century (Japan), Tokyo Energy & Systems (Japan) and Itochu (Japan): 50MW capacity from one contract.

Asia-Pacific generation equipment contracts in May 2021: Top winners by capacity

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

  1. Jolywood (Taizhou) Solar Technology (China): 7,200MW from one contract
  2. Vestas Asia Pacific Wind Technology Pte. (Singapore): 157MW from one contract
  3. Mitsubishi Power (Japan): 50MW 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.