8 April

India has turned down a power distributors’ petition to not buy electricity from renewable sources, invoking force majeure. The government has eased the requirement for prepayment or a letter of credit to help power distributors already in financial distress. India’s nationwide lockdown to limit the spread of the coronavirus has crashed the electricity demand.

Russian nuclear company Rosatom chief Alexey Likhachov said that normal working may resume before May. He sees no necessity to alter the schedule of its new-build projects in foreign countries. There have been 10 cases of the company’s staff exhibiting Covid-19 symptoms, out of which “at least one” has tested positive.

Danish wind turbine supplier Vestas has suspended its financial guidance for 2020 due to the interference caused by the Covid-19 coronavirus pandemic, which has disrupted the company’s manufacturing, installations and supply chain. Vestas group president and CEO Henrik Andersen said: “Unfortunately, the pandemic continues to spread and with no clear prognosis on when key wind markets such as the USA, Brazil and India will recover, we are suspending our guidance due to the poor visibility for the remainder of the year.”

Industry body WindEurope has warned that the Covid-19 coronavirus pandemic is bound to create short-term liquidity uncertainty for the wind energy sector as lenders will shift focus on managing liquidity instead of lending capital. In its latest report, WindEurope noted that the pandemic will have a moderate impact on international supply chains for wind energy but may cause delays in the development of new wind farm projects.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.