There were 37 electricity procurement contracts announced in the Asia-Pacific region in Q3 2022, marking a drop of 49% over the last four-quarter average of 72, 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 Q3 2022 with 119 contracts and a 38.9% share, followed by T&D Project with 100 contracts and a 32.7% share and Electricity Procurement with 37 contracts and a 12.1% share during the quarter.

The proportion of contracts by category tracked by GlobalData in the quarter was:Power Purchase Agreement with 37 contracts and a 100% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in Q3 2022

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Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 16 contracts with a 44.4% share, followed by wind with ten contracts and a 27.8% share and hydro with eight contracts and a 22.2% share.

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Asia-Pacific electricity procurement contracts in Q3 2022: Top companies by capacity

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

  1. Philippines Department of Energy (Philippines): 1,936.93MW from 18 contracts
  2. PTC India (India): 1,569MW from one contract
  3. Delhi International Airport (India): 180MW capacity from one contract.

Asia-Pacific electricity procurement contracts in Q3 2022: Top winners by capacity

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

  1. SJVN Arun -3 Power Development (Nepal): 1,569MW from one contract
  2. Solar Philippines Commercial Rooftop Projects (Philippines): 770MW from three contracts
  3. Northland Power Holdings (Canada): 744MW 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.