21 April

Danish wind turbine manufacturer Vestas will layoff approximately 400 employees in the wake of uncertainty caused by the coronavirus outbreak. The move will primarily affect the company’s employees in Denmark as it narrows its focus to near-term deliveries. Vestas has also decided to defer certain R&D projects with immediate effect.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Afghanistan’s state-owned utility firm Da Afghanistan Breshna Sherkat has cautioned that the country is staring at the risk of a blackout as the coronavirus outbreak has dented its financial ability to pay dues to nations from which it imports electricity. Uzbekistan, which is one of the key exporters of electricity to Afghanistan, has notified that it would stop the electricity supply if its payments are not made on time.

The International Renewable Energy Agency (IRENA) has said that green energy could drive an economic recovery from Covid-19 by delivering huge gains to global GDP. The agency in its latest report said that investment in renewable energy would deliver global GDP gains of almost $100tn between now and 2050 by yielding a return of between $3 and $8 on every dollar invested.

South African electricity public utility Eskom has said that it may not implement load shedding until July as the Covid-19 lockdown resulted in the accumulation of significant power generation. Eskom spokesperson Sikonathi Mantshantsha said: “We have doubled planned maintenance from the pre-lockdown levels of 4200MW to more than 9000MW currently, which – at some stage during the past three weeks – rose as high as 9800MW.”

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.