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Top ten power companies in 2020

Five of the world's best ten energy organizations in 2020 are European. The COVID-19 pandemic is not expected to have a significant impact on the production and distribution activities of the majority of the ten largest power companies, although revenues may be affected.

Power Innovation records the main ten power organizations in 2020, in light of 2019 incomes, alongside the standpoint for 2020 in the midst of the Coronavirus pandemic.

The largest power companies in the world: Tenth place by revenue Enel: $89.95 billion France's Electricity – $79.86 billion 3. Engie - $67.3 billion E.ON – $46.45bn

5. Iberdrola: $40.81 billion 7. Exelon Corp. - $34.44 billion 8. General Electric: $33.96 billion 9. The Kansai Electric Power Company: $29.79 billion 10. Chubu Electric Power Company: $27.34 billion $21.42 billion, Southern Company Enel – $89.95 billion Top ten power companies in 2020 In 2019, Enel added more than 3GW of new renewable capacity to its portfolio. Carlo Dani provided the image. The infrastructure and network operations in Latin America, the distribution business in Brazil, and the thermal generation activities in Italy contributed to Enel's revenue growth of 6.3% in 2019.

In 2019, Enel added more than 3 GW of new renewable capacity, taking its total renewable capacity to 42 GW and surpassing its thermal generation capacity, which was 39 GW, for the first time.

The uncertainty surrounding the outcome of the Brexit negotiations and the weak economic conditions brought about by trade tensions between the United States and China impacted the company's investment decisions in 2019.

Enel introduced its 2020-2022 smart arrangement focussing on decarbonisation and zap in November 2019. The company intends to gradually phase out conventional power generation assets while simultaneously expanding renewable capacity. It likewise plans to build the zap of energy utilization to extend its shopper base and digitalise its dispersion frameworks to expand the help quality and matrix adaptability.

Due to its geographical distribution and sound financial structure, which will aid in maintaining operations' continuity, Enel anticipates that the COVID-19 outbreak will have no significant impact on its plans.

2. Top ten power companies in 2020: Electricite de France (EDF), with headquarters in Paris, is involved in the generation, transmission, and distribution of electricity. Image courtesy of Shutterstock and Olrat. The renewable sector, as well as power generation and distribution activities in the UK and Italy, contributed to Electricite de France's (EDF) revenue growth of 4% in 2019.

In 2019, the business accelerated its investments in renewable energy sources like wind and solar. During the course of the year, work began on approximately 4.4GW of renewable projects, including 2GW of offshore wind projects.

The 400MW Sinop dam in Brazil and unit two of the Taishan nuclear power plant in China were two significant energy projects that were put into operation in 2019. Throughout the year, work began on the 420 MW Nachtigal dam in Cameroon.

During the course of the year, EDF carried out three significant plans: the solar plan, which involved the acquisition of 2,000 hectares of land; the storage development plan, which involved the acquisition of Pivot Power in the United Kingdom; and the electric mobility plan, which aimed to promote the company's electric mobility solutions in four of the countries that it wanted to target. As part of the electric mobility plan, the company also bought Pod Point, a UK operator of charging stations.

EDF's new ventures development has been affected because of the Coronavirus pandemic since the finish of Walk 2020. However, the company's most recent quarterly report reveals that it has ample liquidity to deal with the effects of the COVID-19 pandemic. EDF intends to produce between 330 and 360 terawatt hours (TWh) in 2021 and 2022, with a new target of 300 TWh in 2020.

3. Engie – Top ten power companies in 2020 – $67.3 billion Engie's revenues in 2019 increased by 5.4% year-over-year. Picture politeness of Engie Gathering. Engie's revenue in 2019 increased by 5.4% year-over-year thanks to growth in the nuclear and renewable energy industries. The increased availability of Belgian production units supported the nuclear division of the business.

The renewable division's revenues increased as a result of the commissioning of 3GW of renewable capacity and higher hydropower prices in Brazil.

The COVID-19 pandemic is anticipated to have a significant impact on Engie's client solutions division, while the remaining divisions are anticipated to have a low impact. In client solutions, the company intends to sell off non-core and low-profit businesses by 2020.

Through increased geographic selectivity and an emphasis on markets with potential for expansion, it intends to concentrate on expanding its business. Engie also intends to keep operating expenses under control and allocate specific funds to business development initiatives.

4. Top ten power companies in 2020: E.ON, $46.45 billion E.ON's revenues in 2019 were primarily driven by the acquisition of innogy Group. E.ON revealed a 38% year-on-year expansion in incomes in 2019, predominantly determined by the takeover of innogy Gathering in September 2019. Additionally, RWE received all of the company's renewable energy assets.

The company's energy networks and customer solutions divisions were strengthened by the acquisition of innogy. E.ON now has access to 40 million customers and operates regulated distribution networks in eight European nations.

E.ON plans to contribute €4.5bn ($5.03bn) in 2020 in a more particular and trained way considering the questionable climate made by the Coronavirus pandemic. The primary focus of the investments will be on expanding its regional and local energy networks.

Additionally, the company intends to increase its focus on combating climate change by investing €500 million (559.93 million USD) in climate-friendly infrastructure upgrades. Europe's plans to become climate neutral by 2050 include the investment.

5. Top ten power companies in 2020: Iberdrola, $40.81 billion Iberdrola is a multinational energy company with its headquarters in Bilbao, Spain. Image courtesy of Iberdrola, S.A. Network and generation activities contributed to the 3.9% increase in Iberdrola's revenues in 2019. In 2020, the company intends to accelerate capital expenditures by €10 billion (11.19 billion USD), representing a forty percent increase from the previous three years. The investment will help the company make a high single-digit net profit for the year and add up to 4GW in new capacity.

A portion of the significant ventures finished by Iberdrola during the year incorporated the 500MW Núñez de Balboa project, 714MW East Anglia One seaward wind ranch, and the 350MW Baixo Iguaçu hydroelectric power plant in Brazil.

Iberdrola has accelerated the signing of contracts worth €3.8 billion ($4.2 billion) in order to mitigate the effects of the COVID-19 pandemic on its suppliers. Additionally, the company anticipates that the pandemic will not significantly alter the commissioning schedules of its under-construction projects. In 2020, it intends to commission 9 GW of brand-new renewable energy capacity.

6. Exelon Corporation – $34.44 billion The early retirement and sale of the Oyster Creek nuclear facility in September 2018 and the cessation of operations at the Three Mile Island nuclear generation facility in September 2019 impacted Exelon Corporation's 2019 revenues, which were down 3.8% year-over-year.

The company's revenues were also impacted by unfavorable weather and lower realized energy and capacity prices. However, the company's fleet of nuclear generators achieved the highest capacity factor of the year.

To modernize its electric grid, Exelon invested $5.5 billion in capital and intends to invest an additional $6.5 billion in 2020 in order to provide customers with dependable services.

7. General Electric - $33.96bn Top ten power organizations in 2020 GE's environmentally friendly power fragment got 5GW of responsibilities for its new Haliade™-X seaward wind turbine. The image is provided by General Electric. In 2019, General Electric (GE) reported total revenue of $95.2 billion, a decrease of 2% from 2018. Sustainable power and power organizations added to $33.96bn of the all out income. In 2019, revenues from the power segment decreased by 15.9% year-over-year due to lower unit sales and services revenues, while revenues from the renewable energy segment increased by 7.8%. Equipment and service sales increased, which was the primary driver of the renewable energy sector's expansion.

In 2019, GE's grid and renewable energy assets were incorporated into the renewable energy segment. Major projects completed during the year included the 1.32GW China Power Hub Generation power plant in Pakistan, the Birdsboro power plant in the United States, unit six of the Opole power plant in Poland, and the Ishikariwan-Shinko power plant in Japan. Additionally, the segment secured 5GW in commitments for its new offshore wind turbine, the HaliadeTM-X.

The company's aviation business has been affected by the COVID-19 pandemic, while the power and renewable energy businesses have been moderately affected. GE has withdrawn its 2020 guidance due to the pandemic's uncertainty. Project site execution is underway despite supply chain constraints because orders and deliveries have remained stable.

8. Top ten power companies in 2020: The Kansai Electric Power Co (KEPCO) reported a 4.9% decrease in revenue over the previous year. Taylor Ki Young courtesy of Shutterstock. Year-over-year, the revenues of the Kansai Electric Power Co. (KEPCO) decreased by 4.9%. The organization's critical interests in 2019 incorporated the obtaining of 17.67% in Power Northwest in the UK as a feature of its abroad growth strategies.

In addition, KEPCO announced that, in accordance with the Electricity Business Act of Japan, it would be moving its power transmission and distribution business into a brand-new 100%-owned subsidiary called Kansai Transmission and Distribution. April 2020 marked the completion of the separation.

The company began operations in 2019 with the Rajamandala hydropower plant in Indonesia and the Nam Ngiep I hydropower plant in the Lao People's Democratic Republic.

The COVID-19 pandemic has yet to have a significant impact on KEPCO's 2020 forecast.

9. Top ten power companies in 2020: Chubu Electric Power Co. The Ikawa Dam hydroelectric power generating station of Chubu Electric Power is on the Japanese island of Honshu. Osap and Shutterstock contributed the image. Due to the fuel cost adjustment charge, Chubu Electric Power Co.'s (Chubu) revenues increased moderately in 2019 by 1% year-over-year. Incomes from the client administrations and deals portion expanded by 3.2%, while those from the power network administrations fragment expanded by 0.6%.

In 2019, the company put the Miyako Kuzakai solar park into operation and began building several biomass power plants across Japan.

Due to the uncertainty surrounding COVID-19, Chubu has not made any forecasts for the 2020 fiscal year. However, the company announced investments in renewable energy, overseas businesses, and new growth areas totaling JPY300 billion, or $2.78 billion, over the next five years.

Along with nuclear power, Chubu will also concentrate on developing 2GW of renewable energy sources by 2030. In April 2019, the company's thermal power business was incorporated into its subsidiary JERA Co, marking the first step in this direction. Additionally, the company intends to create separate sales, distribution, and transmission businesses.

10. Top ten power companies in 2020: Southern Company, $21.42 billion In 2019, major construction milestones were reached for units three and four of its Vogtle electric generating plant. Due to the sale of Gulf Power and other assets, Southern Company's operating revenues decreased by 8.8 percent over the previous year. In 2019, the company remained focused on decreasing its non-renewable assets. While renewable energy sources now account for 17% of its total generating capacity, its coal generation capacity decreased by 2GW.

The 100MW Wildhorse Mountain wind farm in Oklahoma was a significant project that was completed in 2019, as were significant construction milestones for Units 3 and 4 of Plant Vogtle. Development likewise progressed forward with the 136MW Skookumchuck wind ranch and the 200MW Perusing wind office.

Due to lower demand brought on by the COVID-19 pandemic, Southern Company's operating revenues in the first half of 2020 decreased by 8.3% to $9.64 billion from $10.51 billion in the first half of 2019.

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