The construction market in Asia Pacific is forecasted by GlobalData to grow by 3.7% in real terms in 2024, having grown by 3.9% in 2023. A key growth market will be the infrastructure market, with output rising by 11.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are Asia Pacific’s five largest solar energy construction projects that were initiated in Q4 2024, according to GlobalData’s construction projects database.
Smarter leaders trust GlobalData
1. Bungama Solar and Battery Storage Plant
The project involves the construction of a 336MW solar farm with a 150MW/300MWh battery storage plant on 530ha of land near east of Port Pirie in South Australia, Australia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2028.
It intends to meet the supply and demand of electricity in the region and provide enough electricity to power 86,000 homes each year for 30 years and reducing 497,000 tons of GHG emissions each year. Buy the profile here.
2. Tashkent Solar PV and BESS 200 MW
ACWA Power is planning to undertake the construction of a 200MW solar power plant and 500MWh battery energy storage system facilities in in Yuqori-Chirchiq, Tashkent Region, Uzbekistan.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2026.
The project will form part of Uzbekistan’s ambitious targets to transition to a low-carbon economy as well as diversify its energy sources. Buy the profile here.
3. Xinjiang Yili Photovoltaic Plant 700 MW
The project involves the construction of a 700MW photovoltaic power plant in Chabuchaer County, Yili, Xinjiang, China
Construction work started in Q4 2024 and is forecast to complete in Q4 2026.
4. Wusu Tacheng Photovoltaic power Plant 1000 MW
The project involves the construction of a 1,000MW PV power plant and 150MW/300MWh energy storage on 2,333.3ha of land in Wusu, Tacheng, Xinjiang, China.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
5. Keenjhar Floating Solar Power Plant 500 MW
The project involves the construction of a 500MW floating solar power generation unit in the Keenjhar lake Thatta District, Sindh, Pakistan.
Construction work started in Q4 2024 and is expected to be completed in Q4 2026.
For more details on the latest construction projects, buy the profiles here.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying research used to produce this article.
GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
