Coronavirus company news summary – IEA expects record renewable additions in 2020 – TUV Nord certifies largest wind turbine blade

11 November 2020 (Last Updated November 11th, 2020 09:31)

11 November

Wind turbine maker Nordex has revised its annual guidance, projecting its annual consolidated sales to reach $5.2bn. This represents a 33% growth from the same period in 2019. The company previously withdrew its 2020 guidance due to the uncertainty caused by the Covid-19 pandemic. Nordex recorded consolidated net sales of $3.7bn from January to September, a 68% growth compared to last year.

The International Energy Agency (IEA) has said the world will see a record 198GW of new renewable energy capacity this year. This is up 4% growth from 2019, despite the Covid-19 induced economic crisis. The IEA forecasts that renewables will account for 90% of new global power capacity in 2020. Global power generation from renewable energy will increase by 7% in 2020, even as worldwide energy demand fell 5% annually, the biggest drop in more than seven decades.

The electricity consumption in the US will fall by 3.6% in 2020, as lockdown restrictions forced businesses to shut down. Power demand will fall to 2.8m TWh this year, down from 4m TWh. Next year, the U.S. Energy Information Administration expects it to increase to 3.8m TWh. Electricity sales to residential complexes will grow by 2.5% to 1.4m TWh this year, as Covid-19 lockdown led to mobility restrictions.

The world’s longest wind turbine blade of 107m, manufactured by LM Wind Power, has received operational approval from certification body TUV Nord. LM Wind Power manufactured the blade for GE Renewable Energy’s Haliade-X wind turbine. The Covid-19 induced lockdown restrictions forced the lead engineer to guide the team through live streaming.