Coronavirus company news summary – Indian power demand predictions fall sharply – Ukraine cuts renewable energy tariffs

22 July 2020 (Last Updated July 22nd, 2020 09:22)

22 July

Solar panels with a total capacity of 59GW were produced in China in the first half of 2020, a jump of 15.7% compared with last year, Reuters reported. Furthermore, newly installed solar power capacity reached 11.5GW in the first half, up 0.9% year-on-year.

The Energy and Resources Institute (TERI) has shrunk its predictions for future electricity demand in India. It now expects demand in 2025 to be 7-17% lower than it would have been without the economic shock of Covid-19. Its latest report says the ten states that consume the most electricity will use 5-15% less than predicted by 2025.

The Parliament of Ukraine has approved legislation to cut tariffs for renewable energy companies, in an attempt to insulate them from the impact of the pandemic. The law aims to eliminate the problem of mass non-payments in the energy sector, according to Reuters. Last month, the government signed an agreement to reduce tariffs by 15% for solar generation, and by 7.5% for wind generation.

Enel Green Power has restarted its 20MW Bagnore 3 geothermal power plant in Tuscany, Italy, after carrying out equipment updates. As a part of the upgrade, the company updated the facility’s equipment for a hydrogen sulfide abatement process called AMIS, which has been in operation since 2001.