There were 80 generation equipment contracts announced in the Asia-Pacific region in Q1 2021, marking a drop of 21% over the last four-quarter average of 101, 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 Q1 2021 with 157 contracts and a 44.4% share, followed by Generation Equipment with 80 contracts and a 22.6% share and Electricity Procurement with 71 contracts and a 20.1% share during the quarter.

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

  1. Supply & Erection: 72 contracts and a 90% share
  2. Repair, Maintenance, Upgrade & Others: five contracts and a 6.3% share
  3. Project Implementation: three contracts and a 3.8% share.

Solar is top technology for Asia-Pacific generation equipment contracts in Q1 2021

Looking at generation equipment contracts by the type of technology in the Asia-Pacific region, solar accounted for 32 contracts with a 40% share, followed by wind with 24 contracts and a 30% share and thermal with 12 contracts and a 15% share.

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Asia-Pacific generation equipment contracts in Q1 2021: Top issuers by capacity

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

  1. Hanbaram Wind Power (Vietnam): 100MW from one contract
  2. Integrum Energy Infrastructure Pvt (India): 96MW from one contract
  3. NTPC (India): 90MW capacity from one contract.

Asia-Pacific generation equipment contracts in Q1 2021: Top winners by capacity

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

  1. Siemens Gamesa Renewable Energy (Spain): 100MW from one contract
  2. Inox Wind (India): 96MW from one contract
  3. Amara Raja Power Systems (India): 90MW 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.