Coronavirus company news summary – Renewables support 11.5m jobs worldwide – Vistra announces net zero plans and coal exit

30 September 2020 (Last Updated September 30th, 2020 09:14)

30 September

GE Steam Power has finished a major steam turbine and generator outage at the Cernavoda nuclear power plant in Romania. The outage was originally planned for April, but was deferred until this month as Covid-19 spread across the region. The work was completed in 30 days.

A record 11.5 million jobs were supported by the global renewable energy sector in 2019, according to a report. However, the International Renewable Energy Agency (IRENA) said governments will need to come up with strong policy action to ensure continued employment expansion in the Covid-19 era. Nearly 63% of all renewables jobs were generated in Asia. Photovoltaic generation accounted for 33% of global renewables jobs with a total of 3.8 million employed, the report added.

Energy company Vistra has unveiled plans to break ground on nearly 1GW of renewable generation and energy storage projects, and retire its entire Midwest coal fleet. In doing this, it aims to achieve net-zero carbon dioxide emissions by 2050. These new developments are expected to require a capital investment of approximately $850m.

Vestas has secured a new 25MW contract from PNE for the Boitzenhagen wind project in Lower Saxony, Northern Germany. As per the agreement, Vestas will deliver one V126-3.45 MW turbine at 137m hub height, and six V136-3.45 MW turbines delivered in 3.6MW power mode at 132m hub height. It also involves supply, installation, and commissioning of the wind turbines as well as 20-year service agreement.