Asia-Pacific solar technology contracts in Q2 2019 saw 99 contracts announced, marking a drop of 29% over the last four-quarter average of 140, according to GlobalData’s power industry contracts database.

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

  1. Project Implementation with 46 contracts and a 46.5% share
  2. Power Purchase Agreement: 26 contracts and a 26.3% share
  3. Supply & Erection: 15 contracts and a 15.2% share
  4. Consulting & Similar Services: six contracts and a 6.1% share
  5. Electricity Supply: six contracts and a 6.1% share.

India tops Asia-Pacific solar power contracts activity

India was the top country in the Asia-Pacific region for solar technology contracts recorded in Q2 2019 with 49 contracts and a 49.5% share, followed by Australia with 13 contracts and a 13.1% share and China with 12 contracts and a 12.1% share.

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Asia-Pacific solar technology contracts in Q2 2019: Top companies by capacity

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

  1. Solar Energy Corporation of India (India): 2,730MW from 13 contracts
  2. Gujarat Urja Vikas Nigam (India): 1,300MW from 11 contracts
  3. South Bihar Power Distribution and North Bihar Power Distribution: 800MW capacity from one contract.

Asia-Pacific solar technology contracts in Q2 2019: Top winners by capacity

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

  1. Solar Energy Corporation of India (India): 2,350MW from five contracts
  2. Adani Renewable Energy Park (Gujarat) (India): 600MW from one contract
  3. Mahindra Susten (India): 450MW capacity from two 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.