The COVID-19 pandemic has not had a significant impact on the plans of Enel, one of the world's largest power companies, due to its strong financial structure and geographical distribution. Iberdrola, another major power company, completed several projects during the year, such as the 500 MW Núñez de Balboa project, the 714 MW East Anglia One offshore wind farm and the 350 MW Baixo Iguaçu hydroelectric power plant in Brazil. China Power Hub Generation power plant in Pakistan, Birdsboro power plant in the U. S., unit six of the Opole power plant in Poland and Ishikariwan-Shinko power plant in Japan are some of the other major projects completed by Iberdrola.
Engie is the world's largest independent electricity producer and generates more than 25 GW of renewable energy per year, representing almost a fifth of global renewable energy generation. The company's energy generation, supply and regulation activities in France accounted for 61%, while the markets of the United Kingdom and Italy accounted for 13% and 12% of its revenues, respectively. Électricité de France SA (EDF), a French state-owned company, provides services such as energy generation, transmission, distribution and trading. Southern Company's operating revenues fell 8.8% year-on-year due to the sale of Gulf Power and other assets.
Headquartered in Chiyoda, Tokyo, TEPCO focuses on power generation and distribution through 34 subsidiaries and 32 affiliates. Chubu Electric Power's Ikawa Dam hydroelectric power plant is located on Honshu Island, Japan. Most of the ten largest electricity companies do not foresee any significant impact on their production and distribution activities due to the COVID-19 pandemic, although revenues could be affected. Revenues in the sales and customer services segment increased by 3.2%, while revenues in the power grid services segment increased by 0.6%.
Iberdrola Renovables Energía, ScottishPower Renewable Energy, Avangrid Renewables and Iberdrola Renovables Mexico are its main subsidiaries dedicated to the generation of renewable energy. The company plans to increase renewable capacity and phase out conventional power generation assets. TEPCO has three main operating segments: Fuel and Energy (fuel generation and thermal power), Power Grid (general power transmission and distribution) and Energy Partner (electricity retail). Statista compiled a ranking of the world's biggest power companies based on their market values provided by a source.
The top ten companies include Enel, Iberdrola, Engie, Électricité de France SA (EDF), Southern Company, TEPCO, Chubu Electric Power Co., Inc., Duke Energy Corporation, NextEra Energy Inc., and American Electric Power Company Inc.Enel expects that its strong financial structure will help maintain business continuity despite the COVID-19 outbreak. Iberdrola is focusing on energy sales, infrastructure and growing businesses through its customer solutions branch. Engie is building and maintaining electrical power facilities using thermal, geothermal, nuclear and hydroelectric energy sources. Électricité de France SA (EDF) provides services such as energy generation, transmission, distribution and trading.
Southern Company is phasing out conventional power generation assets while increasing renewable capacity.TEPCO focuses on power generation and distribution through 34 subsidiaries and 32 affiliates. Chubu Electric Power's Ikawa Dam hydroelectric power plant is located on Honshu Island in Japan. Duke Energy Corporation is increasing its revenues in sales and customer services segment by 3.2%, while revenues in the power grid services segment increased by 0.6%. NextEra Energy Inc., is focusing on energy and gas distribution while American Electric Power Company Inc., is providing products and solutions for the operation of fossil fuel and renewable power plants.