THE PHILIPPINES are expected to increase their hydropower capacity by 1.1 gigawatt (GW) by 2030, with pumped storage facilities accounting for more than half of the planned total, the International Energy Agency (IEA) said in a statement. special market report released last week.
The Philippines is expected to add 0.5 GW from pumped storage facilities; 0.3 GW of reservoir facilities and 0.2 GW of run-of-river hydropower plants by 2030, the IEA said.
Philippine estimates represent 7% of the expected hydroelectric capacity additions in Southeast Asia for the period, expected at 15.30 GW.
In its report, the IEA said global hydropower capacity additions are expected to reach 1,555 GW by 2030, a 17% increase from 1330 GW in 2020.
âOver the period 2011-2020, the hydropower capacity increased by 300 GW and we forecast a growth of 230 GW over 2021-2030, so it (will be) 23% lower than the growth of 2011-2020,â said the OUCH. Business world in an email last week.
The organization said it expects slowdowns in project development in China, Latin America and Europe, although growth in the Asia-Pacific region, Africa and the Middle East will partially offset the decline.
According to the IEA, hydropower is the “forgotten giant of low-carbon energy”, the renewable energy source accounting for one sixth of global electricity production, the third source after coal and gas natural in 2020.
“The contribution of hydropower is 55% higher than that of nuclear and larger than that of all other renewable energies combined, including wind, solar photovoltaic (photovoltaic), bioenergy and geothermal energy,” said declared the IEA.
He added that emerging and developing economies have led global hydropower growth since the 1970s due to public sector investment in large power plants.
Last year, hydropower accounted for 7% of the electricity produced by the Philippines, according to the IEA. – Angelique Y. Yang