Finance

The Tennessee Valley Authority is partnering with local power companies by providing $2 million in matching funds to support local initiatives that address hardships created by the COVID-19 pandemic. This funding is part of a comprehensive portfolio of assistance programs TVA is providing to support communities and customers across the Tennessee Valley. The COVID-19 Community...
Jobs and People

More than 106,000 U.S. clean energy workers lost their jobs in March 2020, and hundreds of thousands more job losses are projected in the coming months. That’s according to an analysis released today by E2 (Environmental Entrepreneurs), the American Council on Renewable Energy (ACORE), E4TheFuture and BW Research Partnership. The analysis of Department of Labor...
Business

Hydro-Québec and the New York Power Authority (NYPA) have signed an agreement by which they commit to provide mutual assistance to guarantee continuous power supply in both the Canadian province of Québec and New York State in the U.S. Hydro-Québec and NYPA are acutely aware of the critical role this supply plays and the importance...
FERC News

The Federal Energy Regulatory Commission (FERC) and National Association of Regulatory Utility Commissioners (NARUC) are asking the Federal Reserve to extend access to short-term debt financing for electric, natural gas and water utilities. A joint letter from FERC Chairman Neil Chatterjee and NARUC President Brandon Presley supports a request by the Edison Electric Institute, American...
Business

Electricity use in Peru dropped 6% in March, contrary to the normal pattern that sees it generally increases in March as activity resumes following the southern hemisphere’s summer vacation period. According to BNamericas, the demand pattern “turned south this year,” which would indicate the impact of COVID-19 as the country locked down to contain the...
Finance

The World Bank Board of Directors has approved an additional $700 million of financing to help Pakistan generate low-cost, renewable electricity. The World Bank is also working with the federal and provincial governments to prepare and respond to the COVID-19 (coronavirus) outbreak. WAPDA is implementing the Dasu hydropower project project in two stages – Stage...
Business & Finance

Renewables’ share of total clean energy generation in Europe topped 60% for the first time in the first three months of the year. That was a standout statistic in the latest quarterly report on the European power generation market from energy data analyst EnAppSys, which also found that the impact of COVID-19 triggered a steep...
Business

Brazil’s Ministry of Mines and Energy announced it has rescheduled indefinitely its energy and transmission auctions, previously planned for the upcoming months. According to BNamericas, the decree was published in the Official Gazette and is a response to “the international public health emergency caused by the COVID-19 pandemic.” Specifically, the government has postponed six events:...
New Development

Norwegian energy company Statkraft has put three construction projects on hold due to the COVID-19 outbreak. The projects on hold are the 100-MW Tidong hydropower project in India, the 52-MW Los Lagos hydropower project in Chile, and the 43-MW Windy Rig wind farm in Scotland. The Tidong hydropower project was acquired by Statkraft in 2018...