Hydropower remains the most widely
used renewable resource for clean power generation across the globe, due in
part to its power generation flexibility, a major advantage it has over other
technologies. It helps to maintain grid stability and can overcome shortages
during peak power demand or power losses. Hydropower technology also carries
the benefit of generating lower Greenhouse Gas (GHG) emissions than other
renewable energy sources. Hydropower is the simplest form of renewable energy
with the longest history of use.
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Hydropower is also inexpensive, with
favorable policies and incentives provided by governments around the world and
still, much of its global potential remains untapped, and while the share of
other renewable resources are expected to increase in the future, hydropower is
expected to remain at the top of global renewable installed capacity,
accounting for up to 70% of the total renewable installed capacity.
The global hydropower market is
expected to expand substantially in the coming years. South and Central
America, the Middle East and Africa are going to be key hydropower markets by
2020 as demand for electricity expands and attention turns to the significant
untapped hydropower potential in those regions.
Increasing government support will
drive this growth, as favorable policies encourage investments from both public
and private players. Almost all regions of the world have significant untapped
hydropower potential waiting to be exploited. While the lack of proper
infrastructure and investments are inadequate to support the maintenance and
renewal of existing hydropower plants, increasing electricity requirements in
these developing nations, have lead governments to develop lucrative policies
and incentives to secure stronger investment.
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