Coronavirus company news summary – US wind industry records largest annual expansion – UK minister urges offshore wind expansion

2 November 2020 (Last Updated November 2nd, 2020 09:43)

The wind industry in the US added an unprecedented 2GW of new installations in the third quarter of 2020. This brought the country's total wind generation capacity to 112GW, according to the according to the American Wind Energy Association. Ten new wind power plants, with a combined capacity of 1,934MW, commenced operations in nine different states during the quarter. The increased flexibility of tax credit qualification provided by the US Treasury and Internal Revenue Service was said to have helped the wind industry address the challenges posed by the pandemic.

UK energy minister Kwasi Kwarteng said that the UK economy can make a faster recovery from Covid-19 by expanding its offshore wind supply chain. The UK government has previously committed to injecting $207m (£160m) into the wind sector for infrastructure development at UK ports.

Power consumption in India increased to 110.94TWh in October, a 13.38% rise compared to last year. This increase comes predominantly as a result of industrial and commercial activities returning to normal levels. Power demand slumped 24.9% in April after Covid-19 induced lockdown brought the entire country to a standstill. The first fortnight of October saw power consumption grow by 11.45%, or 55.37TWh, compared with 49.67TWh growth recorded for the same period in 2019.