As this year draws to a close, major trends quantified in the 2015 International Hydropower Association’s Key Trends in Hydropower report could continue into 2016. The report was originally issued in May and an updated version was released in July.
In June, during an interview on “Power Today,” in Amsterdam, The Netherlands, HRW-Hydro Review Worldwide reported on some key international trends in the hydro industry, and at the time, breaking hydro-related news.
Specifically, major trends in the international market for hydro activity include the following: facilities being developed in China and China’s push to build facilities outside of its boarders; projects being constructed in Southeast Asia; and numerous major hydroelectric projects in Africa seeking funding.
Because of the long-term nature involved in hydroelectric generation facility financing, licensing, development and construction, established international trends that experienced growth in 2014 and 2015 will likely continue into 2016.
In 2014, hydropower development continued its strong growth trend, with an estimated 36 GW of pure hydropower capacity put into operation, according to the IHA.
This brought the world’s total installed capacity to an estimated 1,036 GW. Pumped storage capacity added in 2014 was 1.5 GW, with significant additional capacity being constructed or in the planning stages for commissioning in 2015 and 2016.
The 2015 IHA report said total hydropower generation is estimated at 3,900 TWh.