Coronavirus company news summary – US Government approves $1bn solar farm – BC Hydro witnesses 10% drop in power usage

12 May 2020 (Last Updated May 12th, 2020 12:32)

12 May

The US Department of Interior has approved a $1bn solar power project in the Nevada desert to boost economic activity amidst the coronavirus pandemic. The 690MW Gemini Solar project will include a battery system to store energy for use and it will generate enough electricity to power 260,000 homes in the Las Vegas area.

German wind turbine manufacturer Nordex has said that supply chain issues caused due to the coronavirus health crisis continue to negatively impact its business. The company, which recently suspended guidance, added that it cannot give a fixed timeline for when it could come up with a new outlook for the current year. Nordex CEO Jose Luis Blanco said: “The effects of the coronavirus pandemic have been dominating everyday life in Europe and many other regions for several weeks now. The Nordex Group and the wind energy sector as a whole are being impacted by this crisis.”

Canadian electric utility BC Hydro has said that the Covid-19 coronavirus pandemic led to a 10% drop in power usage, forcing it to take action to avoid flooding risks. The company will temporarily slash power generation at some of its projects as well as spill water at some of its facilities to balance generation and use.

Central Maine Power has reached an agreement with the Maine Public Advocate’s Office to create a $500,000 fund to settle a disconnection case. To be set up at the company’s shareholders’ expense, the fund will be used to assist residential clients who could not pay their electricity bills due to economic hardship caused by the Covid-19 pandemic.