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The Asia Pacific region is anticipated to hold a significant share in the overall growth of hydropower generation in the coming years. This can be associated with the rising investments into the establishment of various hydropower generation facilities in countries like India, Indonesia, Japan, South Korea, and China, among other countries within the region. In line with the increasing environmental concerns, depleting fossil reserves, and rising air pollutions in the region, the demand for cleaner energy is fuelling the market growth in the region. In addition, the rising infrastructural projects in the region, on account of rapid industrialisation and urbanisation, are pressing the demand for electricity, which is another factor stimulating the market growth of hydropower generation in the Asia Pacific region.
In September 2021, the World Bank’s Board of Executive Directors approved a loan to develop Indonesia’s first pumped-storage hydropower plant, aiming to improve power generation capacity during peak demand while supporting the country’s energy transition and decarbonisation goals. The financing would support the construction of the Upper Cisokan pumped storage hydropower plant, to be located between Jakarta and Bandung. The establishment would have significant power generation capacity to meet peak demand and provide significant storage capacity to meet the growing energy requirements of Jakarta and Bandung consumers. Furthermore, pumped storage hydropower plays a crucial role in decarbonising efforts. Therefore, such initiatives are stimulating the overall growth of the market. The market growth can further be associated with the expansion strategies employed by leading market players like Tata Power Corporation (NSE: TATAPOWER).
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The major players in the global hydropower generation market are Andritz Hydro USA Inc., GE Energy, CPFL Energia S.A, Sinohydro Corporation, Tata Power Corporation, and Alstom Hydro, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.
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