There were 70 electricity procurement contracts announced in the Asia-Pacific region in Q4 2021, marking a drop of 3% 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 Q4 2021 with 167 contracts and a 43.4% share, followed by Electricity Procurement with 70 contracts and an 18.2% share and Generation Equipment with 67 contracts and a 17.4% share during the quarter.

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

  1. Power Purchase Agreement: 67 contracts and a 95.7% share
  2. Electricity Supply: two contracts and a 2.9% share
  3. Project Implementation: one contract and a 1.4% share.

Solar is top technology for Asia-Pacific electricity procurement contracts in Q4 2021

Looking at electricity procurement contracts by the type of technology in the Asia-Pacific region, solar accounted for 63 contracts with an 86.3% share, followed by wind with seven contracts and a 9.6% share and hydro with two contracts and a 2.7% share.

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Asia-Pacific electricity procurement contracts in Q4 2021: 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. Solar Energy Corporation of India (India): 8,100MW from five contracts
  2. Taiwan Semiconductor Manufacturing (Taiwan): 1,200MW from one contract
  3. Stanwell (Australia): 600MW capacity from one contract.

Asia-Pacific electricity procurement contracts in Q4 2021: Top winners by capacity

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

  1. Adani Green Energy (India): 5,000MW from two contracts
  2. Azure Power (India): 3,100MW from three contracts
  3. Wpd (Germany): 1,200MW 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.