Power industry contracts in Asia-Pacific for Q1 2021 up 7%
Asia-Pacific power industry contracts activity in Q1 2021 saw 315 contracts announced, marking a rise of 7% over the last four-quarter average of 295, according to GlobalData’s power database.
Power contracts activity in Asia-Pacific by volume;
| YearMonth | Count |
|---|---|
| Q1-20 | 276 |
| Q2-20 | 256 |
| Q3-20 | 328 |
| Q4-20 | 320 |
| Q1-21 | 315 |
Asia-Pacific power industry contracts in Q1 2021: India leads activity
Looking at contracts by country, India led the activity in Q1 2021 with 85 contracts and a share of 27%, up 13.2% over the previous quarter and up 57% when compared with the last four-quarter average, followed by China with 60 contracts and a share of 19% and Malaysia with 37 contracts and a share of 11.7% during the quarter.
Looking at the last four-quarter average, China held the top spot with 58 contracts, followed by India with 54 and Australia with 34 contracts.
Power contract activity in Asia-Pacific – Q1 2021 India, China, Malaysia, Rest of Asia-Pacific 27% 19% 42.2% 11.7%
| Name | Count |
|---|---|
| India | 85 |
| China | 60 |
| Malaysia | 37 |
| Rest of Asia-Pacific | 133 |
Solar is top technology area for contracts in Q1 2021
Looking at contracts divided by the type of technology, solar accounted for the largest proportion with 179 contracts and a 60.5% share, followed by wind with 59 contracts and a 19.9% share and thermal with 35 contracts and an 11.8% share.
Looking at power industry contracts divided by segment as tracked by GlobalData, Power Plant was the most popular segment in Asia-Pacific power contracts activity during Q1 2021, with 157 contracts, followed by Generation Equipment (80) and Electricity Procurement (71).
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The proportion of contracts by category tracked by GlobalData in the quarter was as follows:https://survey.alchemer.eu/s3/90330012/All-Sites-WFH-poll-3-Q1-2021
- Project Implementation: 144 contracts and a 45.7% share
- Supply & Erection: 79 contracts and a 25.1% share
- Power Purchase Agreement: 53 contracts and a 16.8% share
- Consulting & Similar Services: 27 contracts and an 8.6% share
- Repair, Maintenance, Upgrade & Others: seven contracts and a 2.2% share
- Electricity Supply: five contracts and a 1.6% share.
Power contracts in Q1 2021: Top issuers by capacity
The top issuers of contracts for the quarter in terms of power capacity involved in Asia-Pacific were:
- Andhra Pradesh Green Energy (India): 6,400MW from 12 contracts
- Gansu Province Electric Power Investment Group (China) and Nuclear Power Corporation of India (India): 2,000MW from one contract
- Manila Electric (Philippines) and Ministry of Energy and Mines, Laos (Laos): 1,800MW capacity from one contract.
Power 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:
- China Energy Engineering Group Planning and Engineering (China): 3,885MW from eight contracts
- Adani Renewable Energy Holding Twelve (India): 3,000MW from five contracts
- Larsen & Toubro (India): 2,410MW 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.
