20 March 2020, Maale, Maldives

Tendon Consulting and Services (Tendon), a leading project development firm specializing in developing ocean wave energy projects, has been affected by the ongoing COVID-19 pandemic. As the world continues to grapple with the challenges posed by the global health crisis, Mr. Yusuf, the Managing Director of Tendon, has also made the difficult decision to adjust the company’s priorities in the field of ocean wave energy indefinitely.

Mr. Yusuf, who has been at the helm of Tendon since the beginning, has been a driving force behind the company’s innovative project development in the ocean wave energy sector. With a passion for sustainable energy solutions, Mr. Yusuf and his team have been working tirelessly to bring cutting-edge ocean wave energy technologies for capturing, converting, and utilizing ocean wave energy to address the Maldives’s growing energy needs while mitigating the impact of climate change.

However, the COVID-19 pandemic has presented unprecedented challenges for Tendon, as well as the wider renewable energy industry. The pandemic has disrupted supply chains, restricted travel, and imposed social distancing measures, leading to delays and adjustments in ongoing R&D projects.

As a result, Mr. Yusuf, along with the management team at Tendon, has made the decision to temporarily divert the company’s R&D fundings to other areas, with a focus on addressing the immediate challenges posed by the pandemic. This includes reprioritizing resources and expertise to support COVID-19 response efforts, such as optimizing operational efficiency, and exploring innovative solutions for workforce safety and health in the field.

“As a company, we are facing unprecedented challenges due to the COVID-19 pandemic,” said Mr. Yusuf. “We have had to make tough decisions and adjust our R&D priorities to contribute to the efforts in combating the pandemic and ensuring the safety and well-being of our team members and partners.”

In addition to the company’s research and development priorities, all partners have also made the difficult decision to divert all fundings, including the Government of Maldives, due to the impact of the COVID-19 pandemic.

Tendon has been actively engaged in securing funding from various sources, including government grants and investments, to support the ocean wave energy project development initiatives. However, the unprecedented challenges posed by the pandemic have necessitated a reallocation of financial resources to address the immediate needs and uncertainties arising from the global health crisis.

As governments around the world, including the Government of Maldives, have been prioritizing resources to combat the pandemic and mitigate its socio-economic impact, Tendon also recognizes the need to align with these priorities. This includes diverting funds from existing funding sources to support COVID-19 response efforts, safeguard the health and well-being of team members and partners, and optimize operational efficiency in the current environment.

“Like many organizations, we have had to make tough decisions regarding the allocation of funds due to the impact of the COVID-19 pandemic,” said Mr. Yusuf, Managing Director, “We understand the need to prioritize resources to address the immediate challenges and uncertainties arising from the crisis, and we are committed to responsible financial management while navigating through these unprecedented times.”

Despite the impact of the pandemic, Mr. Yusuf and the team at Tendon remain committed to their long-term vision of advancing ocean wave energy research and project development. The company believes that ocean wave energy has significant potential as a clean, renewable, and abundant source of power, and remains dedicated to finding innovative solutions to harness this potential in an environmentally sustainable manner.

Tendon will actively collaborate with partners in the renewable energy industry, academia, and government agencies to navigate the challenges posed by the pandemic and explore new opportunities for innovation. The company has been engaging in virtual conferences, webinars, and remote collaborations to stay connected with the ocean wave energy community and continue sharing knowledge and expertise.

As the global community continues to address the immediate challenges posed by the COVID-19 pandemic, Mr. Yusuf and the team at Tendon will closely monitor the evolving situation and reassess the company’s R&D priorities accordingly. They are determined to continue their efforts in advancing ocean wave energy research and project development as the world emerges from the current crisis.

Tendon also acknowledges the importance of transparent communication with the public and will keep everyone informed of any adjustments in the company’s funding priorities and utilization of resources during these challenging times.

In conclusion, all partners and Tendon, has made the decision to reallocate all funds, due to the impact of the COVID-19 pandemic. The company recognizes the need to align with the priorities of addressing the immediate challenges posed by the crisis while remaining committed to advancing ocean wave energy project development in a responsible and sustainable manner.