Global Outlook of Hydro Energy
Hydropower is a mature renewable energy source that has played a significant role in global electricity generation for decades.
It currently accounts for over 15% of the world’s electricity, making it the third-largest source after coal and natural gas. However, the future of hydropower is complex and faces several challenges and opportunities.
Growth and Development:
- Global hydropower capacity is expected to increase by 17% between 2021 and 2030, adding 230 GW. This growth is driven by factors such as increasing demand for clean energy, advancements in technology, and government support for renewable energy development.
- However, net capacity additions are forecast to decrease by 23% compared to the previous decade. This slowdown is due to several factors, including environmental concerns, social impacts, and increasing competition from other renewable energy sources like solar and wind.
- The growth is concentrated in a few regions, with Asia accounting for the majority of new capacity additions. This is due to the presence of large rivers and favorable regulatory environments in many Asian countries.
Challenges and Opportunities: