by Tina Olivero

    China Owns Four of Top Ten Highest Installed Capacity Hydropower Plants Globally, Says GlobalData

    More than 18% of global electricity generation capacity comes from hydropower plants, and represents over 16% of the world’s power generation. According to leading data and analytics company GlobalData, the global hydropower power market is likely to grow at a Compound Annual Growth Rate (CAGR) of 2.4% until 2030, reaching over 165 gigawatts (GW) of installed capacity from 124GW at the end of 2018 despite climate change, changing patterns in land use, seasonal variations in the rainfall and frequent droughts.

    The top 10 countries for total capacity remained (in descending order) China, the United States, Brazil, Canada, Russia, India, Japan, Norway, Turkey, and France, which together represented almost 70% of global capacity at the end of 2018.

    China is the biggest market, with more than 28% of the global hydropower installed capacity and clearly enjoys the monopoly on super-powerful dams. Among the top ten largest hydropower projects, four are located in China, representing almost 44% of the total capacity of these projects.

    Ankit Mathur, Practice Head of Power at GlobalData, comments: “China, which is rich in hydro resources, will continue to preserve its monopoly as the leading country until 2030, with more than 22 projects of gigawatt size under construction, slated to be online by 2030. China’s Three Gorges project has remained the unchallenged leader in the list of top hydro projects, with a staggering capacity of 22.5GW.”

    Brazil is second in the list, having three projects among the top ten hydropower projects, with Belo Monte being the largest in the region. The country ranks second in the cumulative hydropower installed capacity after China, and is the biggest market in South America for installed hydropower capacity.

    The most recent entry into the list is the 9.4GW Belo Monte project in Brazil, which was commissioned in 2016. On the other hand, the oldest project is the 6.8GW Grand Coulee project in the US, which was commissioned in 1941.

    Mathur concludes: “Currently, hydropower growth is the most active in fast growing economies like Asia-Pacific and emerging markets like South America.”

    About GlobalData

    4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, technology, energy, financial and professional services sectors

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