Asia-Pacific power industry contracts activity in March 2022 saw 124 contracts announced, marking a rise of 14% over the last 12-month average of 109, according to GlobalData’s power database.
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Asia-Pacific power industry contracts in March 2022: China leads activity
Looking at contracts by country, China led the activity in March 2022 with 71 contracts and a share of 57.3%, up 12.3% over the previous month and up 115% when compared with the last 12 month-average, followed by India with 16 contracts and a share of 12.9% and Australia with ten contracts and a share of 8.1% during the month.
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By GlobalDataLooking at the last 12-month average, China held the top spot with 33 contracts, followed by India with 21 and Australia with eight contracts.
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Solar is top technology area for contracts in March 2022
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 63 contracts and a 56.8% share, followed by wind with 29 contracts and a 26.1% share and thermal with 15 contracts and a 13.5% share.
Looking at power industry contracts divided by segment in Asia-Pacific as tracked by GlobalData, Power Plant was the most popular segment in March 2022, with 60 contracts, followed by T&D Project (34) and Generation Equipment (27).
The proportion of contracts by category tracked by GlobalData in the month was as follows:
- Project Implementation: 49 contracts and a 39.5% share
- Consulting & Similar Services: 27 contracts and a 21.8% share
- Power Purchase Agreement: 22 contracts and a 17.7% share
- Supply & Erection: 22 contracts and a 17.7% share
- Repair, Maintenance, Upgrade & Others: four contracts and a 3.2% share.
Power contracts in March 2022: Top companies by capacity
The top issuers of contracts for the month in terms of power capacity involved in Asia-Pacific were:
- China Huadian (China): 3,000MW from one contract
- Hubei Qichun Garden Pumped Storage Power Station: 1,200MW from one contract
- ArcelorMittal (Luxembourg): 975MW capacity from one contract.
Power contracts in March 2022: Top winners by capacity
The top winners of contracts for the month in terms of power capacity involved in Asia-Pacific were:
- China Power Engineering Consulting Group (China): 11,027MW from 14 contracts
- Greenko Energies (India): 975MW from one contract
- PowerChina Nuclear Engineering (China): 500MW capacity from three 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.
