Latest news with #InternationalHydropowerAssociation
Qatar Tribune
28-06-2025
- Business
- Qatar Tribune
Turkey leads Europe in hydropower growth, adds 241 MW in 2024
Agencies Turkey added 241 megawatts (MW) to its hydropower capacity last year, which marked the highest increase in Europe, according to a report on Thursday citing recent data from the International Hydropower Association (IHA). Worldwide, hydropower plants are favored over fossil fuels due to their clean energy output, high efficiency and long lifespan. Hydropower continues to be the largest source of renewable electricity worldwide, accounting for 14.3% of global power generation and enhancing grid flexibility in over 150 countries. Installed hydropower capacity reached 1,443 gigawatts (GW) globally last year. Global hydropower capacity grew by 24.6 GW in 2024, including 16.2 GW of conventional hydropower and 8.4 GW of pumped storage hydropower, according to IHA's 2025 World Hydropower Outlook. Worldwide, pumped storage installed capacity reached 189 GW. Last year, East Asia and the Pacific generated 1,804 terawatt-hours (TWh) of electricity from hydropower, adding 15 GW of new capacity, including 8 GW from pumped storage. Total capacity reached 577 GW. Africa, on the other hand, generated 167 TWh of electricity from hydropower, adding 4,507 MW of new capacity, including 349 MW from pumped storage and bringing total installed capacity to 47 GW, with 3,726 MW from pumped storage systems. Europe generated 680 TWh of electricity from hydropower, while adding 544 MW of new capacity, including 187 MW from pumped storage, bringing total installed capacity to 263 GW, with 56 MW from pumped storage systems. Turkey added 241 MW of capacity last year – the highest in Europe – keeping its top spot in 2024. Turkey is focused on reducing its reliance on foreign energy sources by meeting demand through domestic resources. Investments in hydropower align with the country's climate commitments while expanding the share of renewables. Opportunities remain in Turkey to develop new conventional hydropower projects and expand existing facilities. The government has made hydropower a central pillar of its energy policy over the past two decades, providing substantial support for the development of new facilities. The country has a strong pipeline of conventional hydropower projects, with nearly 600 MW currently under construction. Other European countries in the top five included Portugal, Austria, Germany, and Norway. Portugal added 160 MW of hydropower last year, followed by Austria and Germany with 118 MW and 63 MW, respectively.
Bloomberg
25-06-2025
- Business
- Bloomberg
Africa Doubles New Hydropower Capacity as Funding Risks Remain
Africa doubled new hydropower capacity last year, adding 4.5 gigawatts of generation from the technology even as funding challenges limit faster growth. Tanzania's Julius Nyerere Hydropower Project was the biggest addition on the continent with capacity of 2,115 megawatts — outranked only by facilities in China globally, according to a report published by the International Hydropower Association on Wednesday. Ethiopia followed Tanzania with 1,200 megawatts starting at its Grand Ethiopian Renaissance Dam, the lobby group said.
Time of India
25-06-2025
- Business
- Time of India
China added 14.4 GW new hydropower capacity in 2024; pumped storage capacity at 58.69 GW: IHA
New Delhi: China added 14.4 gigawatts (GW) of new hydropower capacity in 2024, including 7.75 GW of pumped storage hydropower (PSH), taking its total installed hydropower capacity to 435.95 GW, the International Hydropower Association (IHA) said in its 2025 World Hydropower Outlook. The report said China's total pumped storage capacity stood at 58.69 GW at the end of 2024. With more than 200 GW of PSH either under construction or approved, the country is expected to exceed its 2030 pumped storage target of 120 GW and may reach 130 GW before the end of the decade. The East Asia and Pacific region added 14.6 GW of hydropower capacity in 2024, taking total capacity to 576.5 GW. Of this, 7,750 MW came from pumped storage, raising the regional PSH total to 98.4 GW. In Southeast Asia, Laos continues to expand cross-border hydroelectricity exports to Thailand, Vietnam, and Cambodia. The report said Singapore is also seeking to increase hydropower imports through regional collaboration. In Thailand, the Electricity Generating Authority commissioned a 24 MW floating solar PV system at the Ubol Ratana Dam in 2024. Malaysia and Indonesia are also exploring the hybridisation of hydropower projects with solar power. The report stated that despite strong momentum, several countries in the region are facing challenges. Delays in permitting and environmental approvals, land rights issues, and lack of financial mechanisms to support capacity markets are slowing project development in Australia, Indonesia, and Vietnam. The IHA said these hurdles are constraining private investment and delaying grid infrastructure upgrades that are required to accommodate new hydropower generation and storage. The report highlighted that pumped storage is gaining prominence globally due to rising demand for grid flexibility . 'This year's World Hydropower Outlook shows that global new capacity is accelerating after several years of stagnation,' IHA President Malcolm Turnbull said. IHA Chief Executive Eddie Rich said, 'As the renewable energy market continues to grow, the story of this year's Outlook is clearly that pumped storage hydropower is at the forefront as the world looks to more energy storage.' The report called for greater policy clarity, faster permitting, and the creation of new market mechanisms to value hydropower's capacity and flexibility services. It noted that these steps would be essential to ensure hydropower contributes effectively to the energy transition.
Reuters
24-06-2025
- Business
- Reuters
China on track to exceed 2030 pumped storage hydro target by 8%, industry body says
SINGAPORE, June 25 (Reuters) - China is set to exceed its 2030 pumped storage hydropower target by more than 8% and potentially reach 130 gigawatts (GW) by the end of the decade, the International Hydropower Association (IHA) said on Wednesday. The world's second-largest economy added 7.75 GW of pumped hydro in 2024, bringing its total installed pumped hydro capacity to 58.69 GW, the IHA said in a statement. More than 200 GW of such projects are under construction, it added, accounting for a third of all such projects under development globally. China has called for even more investment in the development of energy storage, which is critical to help balance supply and demand when wind and solar farms produce too much or too little renewable electricity for the grid's distribution system to be able to handle. The country broke its own records for new wind and solar power installations again last year, hitting its 2030 target for those six years ahead of schedule. The government's disincentivisation of electricity use during peak demand times by raising prices has given storage providers including pumped hydro operators more chance to profit by selling stored power when they can charge more. Global hydropower capacity grew by 24.6 GW in 2024, including 16.2 GW of conventional hydropower and 8.4 GW of pumped hydro, the IHA said, adding that 475 GW of conventional projects are in various stages of development. "This year's world hydropower outlook shows that global new capacity is accelerating after several years of stagnation," IHA said in the statement. Despite the momentum, hydropower projects in the East Asia and Pacific region outside China face financing constraints, high upfront costs and long payback periods, limiting private sector involvement, the IHA said. "Regulatory and permitting delays are also hampering progress in countries such as Australia, Indonesia and Vietnam, where complex approval processes, land rights issues and environmental assessments create uncertainty," the IHA added.
South China Morning Post
24-06-2025
- Business
- South China Morning Post
China ‘dominates' global hydropower development amid energy storage push: report
China continued to play a dominant role in global hydropower development in 2024, accounting for the vast majority of Asia's newly added capacity as it invests heavily in energy storage solutions , according to a new report. The country was responsible for 14.4 gigawatts of the 24.6GW of new hydropower capacity that came online globally last year, as it bets big on the energy source as an effective way to maintain a stable grid amid the green transition. More than half of the hydropower capacity China added last year came in the form of pumped storage hydropower (PSH) projects, which store massive amounts of water in reservoirs that can then be released when an electricity grid is running low on power, according to the International Hydropower Association study released on Wednesday. The energy storage technology is becoming increasingly popular around the world, with governments searching for ways to cope with large fluctuations in solar and wind energy without resorting to fossil fuels. China has doubled down on its dam-building spree since 2020, when Beijing set a target of achieving carbon neutrality by 2060. 'With more than 200GW of PSH projects under construction or approved, China is on track to exceed its 2030 target of 120GW, potentially reaching 130GW by the end of the decade,' the study said. China currently has nearly 436GW of installed hydropower capacity, which represents more than three-quarters of Asia's total capacity, according to the report.
