Coronavirus company news summary – Canadian hydroelectric project sees rising costs – Vattenfall opens floating solar plant

29 September 2020 (Last Updated September 29th, 2020 09:50)

29 September

Canada-based Nalcor Energy said the cost of its Muskrat Falls hydroelectric project has gone up drastically due to delays related to the Covid-19 pandemic. A spokesperson for the state-owned firm said the project would need an additional investment of approximately $56m (C$75) due to pandemic-related delays. Covid-19-related costs to the project were approximately $112m (C$150m).

Swedish power company Vattenfall has opened its first 1.2MW floating solar farm in Gendringen, the Netherlands. Built on a site owned by sand and gravel extraction company Netterden, the 3,000-panel project will generate half of the annual energy consumption of the sand dredge and associated equipment.

Vestas Wind Systems has secured a contract from infrastructure investor TINC to deliver wind turbines to its 80MW wind project in the Netherlands. The deal encompasses the supply, installation, and commissioning of 19 units of the V117-4.2 MW turbines. These will be installed at the Kroningswind wind farm, in the south-western Netherlands.

Power demand in India rose by nearly 3% year-on-year in September, as economic activity gained momentum despite the ongoing coronavirus pandemic. In August, power demand was 2% lower than the same period one year ago. According to data shared by Power System Operation Corporation, power demand in the country’s industrial states including Gujarat and Maharashtra increased over last year but was below the September 2018 level.