Coronavirus company news summary – World bank approves $450m Pakistan funding – BNRG receives 20-year contract for Maine power

25 September 2020 (Last Updated September 25th, 2020 10:56)

25 September

The World Bank has approved $450m in financing to support Pakistan’s transition to renewable energy resources. World Bank country director for Pakistan Najy Benhassine said: "This will facilitate the expansion of renewable energy in Khyber Pakhtunkhwa by identifying and preparing solar and hydropower projects that are technically sound, environmentally and socially sustainable, and investment ready."

The Texas Municipal Power Agency is holding negotiations with Charah Solutions to decommission and sell Gibbons Creek Steam Electric Station and Reservoir in Grimes County, US. Charah will take control of the 6,166-acre site including the closed power station, the 3,500-acre reservoir, dam, and spillway through its subsidiary Gibbons Creek Environmental Redevelopment Group.

Irish solar energy BNRG has received new contracts to supply electricity to utilities Central Maine Power and Versant Power in the US state of Maine for 20 years. The deals, which the company won through its joint venture with local player Dirigo Solar, boosts its total investment in the state to $291m (€250m), The Irish Times reported.

US-based utility Dynegy has signed a multi-year partnership with Chicago's Willis Tower to provide renewable-generated electricity to the tower. As per the contract, Dynegy will use energy credits to ensure all supplied electricity comes from wind power.