Asia, Australasia, Renewables, Wind

Wind technology contracts in Asia-Pacific drop 13% in Q2

Asia-Pacific wind technology contracts in Q2 2019 saw 47 contracts announced, demonstrating a 13 per cent drop over the last four-quarter average of 54, according to GlobalData’s power industry contracts database.

Furthermore, the onshore wind technology category came out on top in terms of number of contracts for the quarter in Asia-Pacific, accounting for 32 contracts and a 68.1 per cent share, followed by offshore with 15 contracts and a 31.9 per cent share.

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

  1. Project Implementation with 18 contracts and a 38.3 per cent share
  2. Supply & Erection: 15 contracts and a 31.9 per cent share
  3. Power Purchase Agreement: six contracts and a 12.8 per cent share
  4. Electricity Supply: five contracts and a 10.6 per cent share
  5. Consulting & Similar Services: three contracts and a 6.4 per cent share.

In terms of regional breakdown, India saw the most contracts recorded in Asia-Pacific, 18 wind technology contracts recorded marking a 38.3 per cent share in Q2 2019. Taiwan came in second place with 12 contracts and 25.5 per cent share, followed by Australia with seven contracts and a 14.9 per cent share.

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): 1,080 MW from five contracts
  2. Taiwan Power (Taiwan): 900 MW from one contract
  3. South Bihar Power Distribution and North Bihar Power Distribution: 800 MW capacity from one contract.

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): 2,410 MW from five contracts
  2. Dongfang Electric Wind Power Co. (China): 1,100 MW from one contract
  3. Orsted (Denmark): 900 MW capacity from one contract.

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