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www.hydropower.org
NORWEP Webinar on the Covid19 situation in Hydropower markets Eddie Rich
Chief Executive International Hydropower Association
22 April 2020
hydropower.org/statusreport
HYDROPOWER GROWTH IN DECADES
NORWEP Webinar on the Covid19 situation in Hydropower markets Eddie - - PowerPoint PPT Presentation
NORWEP Webinar on the Covid19 situation in Hydropower markets Eddie - - PowerPoint PPT Presentation
NORWEP Webinar on the Covid19 situation in Hydropower markets Eddie Rich Chief Executive International Hydropower Association 22 April 2020 www.hydropower.org HYDROPOWER GROWTH IN DECADES hydropower.org/statusreport ELECTRICITY GENERATION
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Source: IEA 2019 hydropower.org/statusreport
ELECTRICITY GENERATION MORE THAN ALL OTHER RENEWABLES COMBINED
Global hydropower installed capacity in 2018
IEA (2019) hydropower.org/statusreport
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Synergy between hydro & interconnection
ACHIEVING PARIS GOALS WITH HYDROPOWER
850 GW new hydro capacity needed to limit temperature rise by 2°C
Hydropower capacity needs to increase by 60% by 2050 equivalent to the entire power capacity of the EU Source: IRENA, 2020
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Synergy between hydro & interconnection
Impact of Covid on sector – information gathering
Q: I am confident that my organisation's hydropower revenues will grow over the next 1-3 years.
Source: IHA member survey 2020 Evidence of delayed and cancelled projects, supply delays, hampering demand, making some projects uncompetitive, job losses, etc.
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Synergy between hydro & interconnection
Hydropower is an essential service: Indian hydro hailed for restoring power amid Covid-19 vigil
Other examples:
- Sequestration from the sector in the US.
- UK wind farms switched off. Pumped storage can pick it up.
- US negative/global low oil prices are an opportunity as well as a threat.
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Major changes – major challenges – major opportunities
www.hydropower.org
Post-Covid opportunities
Unprecedented volatility and uncertainty Transformation of the energy sector Too early to tell what post-Covid world will look like
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Major changes – major challenges – major opportunities
www.hydropower.org
Post-Covid opportunities
Massive government stimulus packages planned Hydropower cannot afford to miss this train More important than ever to have a voice at the table
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Major changes – major challenges – major opportunities
Post Covid opportunities
The next year will lay the foundations for the next decade Advocating for renewable energy is more important than ever Something good can come out of all of this “Hydropower, an often forgotten workhorse
- f electricity generation, remains an
essential source of flexibility.”
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www.hydropower.org
Key messages going forward
- 1. Have shovel-ready projects in place for the post-Covid 19 economic
stimulus plans.
- 2. Make sure your projects have been assessed against the Hydropower
Sustainability Tools.
- 3. Demonstrate renewable coordination through hybrid projects, such as
solar PV or pumped storage alongside solar or wind power.
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Hydropower Sustainability Tools
Sustainability
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Our mission
advancing sustainable hydropower.
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How can we collaborate
- 1. Improve hydropower’s image
More and better hydropower is an essential part of energy transition
- 2. Create enabling environment for hydropower
Work with governments on policy and regulation
- 3. Value hydropower correctly
Long-term Multi-benefits Supporting other renewables through storage and flexibility.
- 4. Embed sustainability and climate requirements
into AfDB projects - tools on ESG, climate mitigation and climate resilience.
- 5. Engage in joint projects
➢ Modernisation needs ➢ Sustainability trainings and assessments ➢ Better regional grid and energy market coordination e.g. Nord Pool ➢ Partner with us at World Hydropower Congress
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www.hydropower.org
Thank you
You can also become an IHA member: www.hydropower.org/join To learn more about sustainability tools, visit: www.hydrosustainability.org