![]() The company’s nuclear division was supported by the higher availability of Belgian production units. Nuclear and renewable sectors contributed to Engie’s revenue growth in 2019, which increased by 5.4% year-on-year. Engie – $67.3bn Engie’s revenues in 2019 increased by 5.4% year-on-year. EDF has revised its nuclear output target to 300TWh in 2020 and plans to target a production between 330TWh and 360TWh in 20. The company, however, has strong liquidity to deal with the impact of the COVID-19 pandemic, according to its latest quarterly report. The company also acquired Pod Point, an operator of charging stations in the UK, as part of the electric mobility plan.ĮDF’s new projects construction has been impacted due to the COVID-19 pandemic since the end of March 2020. ![]() Construction of the 420MW Nachtigal dam in Cameroon was also commenced during the year.ĮDF implemented three major plans during the year, including the solar plan involving the acquisition of 2,000ha of land, the storage development plan constituting the acquisition of Pivot Power in the UK, and electric mobility plan aimed at marketing the company’s electric mobility solutions in four of its target countries. ![]() Major energy projects commissioned in 2019 included the 400MW Sinop dam in Brazil and unit two of Taishan nuclear power plant in China. Construction on approximately 4.4GW of renewable projects was started during the year such as 2GW of offshore wind projects. The company accelerated its investments in renewable energies, including wind and solar in 2019. Image courtesy of olrat/Shutterstock.Įlectricite de France’s (EDF) revenues increased by 4% in 2019, contributed by the renewable sector, as well as power generation and distribution activities in the UK and Italy. Electricite de France – $79.86bn Headquartered in Paris, Electricite de France (EDF) is engaged in the generation, transmission and distribution of electricity. It also intends to increase the electrification of energy consumption to expand its consumer base and digitalise its distribution grids to increase the service quality and grid flexibility.Įnel expects no significant impact of the COVID-19 outbreak on its plans due to its geographical distribution and sound financial structure, which will help in maintaining continuity of operations. The company plans to increase renewable capacity and gradually phase out conventional power generation assets. The company’s investment decisions in 2019 were impacted due to weak economic conditions created by the trade tensions between the US and China and uncertainty regarding the outcome of the Brexit negotiations.Įnel presented its 2020-2022 strategic plan focussing on decarbonisation and electrification in November 2019. Image courtesy of Carlo Dani.Įnel’s 2019 revenues increased by 6.3%, driven by infrastructure and network operations in Latin America, distribution business in Brazil, and thermal generation activities in Italy.Įnel added more than 3GW of new renewable capacity in 2019, increasing its total renewable capacity to 42GW and exceeding its thermal generation capacity of 39GW for the first time. Enel – $89.95bn Enel added more than 3GW of new renewable capacity to its portfolio in 2019. ![]() The Kansai Electric Power Co – $29.79bnġ0. ![]()
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