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2024 World Hydropower Outlook

2024 World Hydropower Outlook

Full Title: 2024 World Hydropower Outlook: Opportunities to Advance Net-Zero
Author(s): International Hydropower Association
Publisher(s): International Hydropower Association
Publication Date: June 1, 2024
Full Text: Download Resource
Description (excerpt):

The overarching headline this year is the growth in the global hydropower f leet to 1,416GW in 2023. Conventional hydropower capacity grew by 7.2GW to 1,237GW, while pumped storage hydropower (PSH) grew by 6.5GW to 179GW. The conventional hydropower capacity addition was the lowest single year delivery this century, though the longer-term average is relatively stable at about 20GW per year. PSH delivery has been trending upwards, though from a lower base.

In 2023 there was a decrease in generation of 223TWh from 2022’s figure to 4,185TWh. This reflects drought conditions in some significant hydropower markets, though our expectation is that 2024 will rebound on this, with greater f lows reported in Europe and China in the early part of the year. As noted above, it is suggested to be prepared for swings in output from year to year.

All statements and/or propositions in discussion prompts are meant exclusively to stimulate discussion and do not represent the views of, its Partners, Topic Directors or Experts, nor of any individual or organization. Comments by and opinions of Expert participants are their own.

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