Investments in the sector slowed somewhat before 2020 as other renewable sources such as wind and solar PV gained momentum, a situation exacerbated by delays to several major hydropower projects and some regions’ lack of policy changes, which also stunted growth. The industry is, however, experiencing a renaissance as countries are increasingly motivated to find suitable renewable options to decarbonize their energy supply.
“Hydropower is the backbone of low-carbon electricity generation and has been rising since the 1970s. Over the last two decades, the installed global capacity of hydropower has grown from 680 GW in 2000 to nearly 1,200 GW in 2021, a surge of more than 75%,” says Rystad Energy analyst Karan Satwani.
Video of the massive Baihetan project in China
Comments