View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
February 4, 2021

IRENA partners with IHA to advance hydropower development

The International Renewable Energy Agency (IRENA) and the International Hydropower Association (IHA) have collaborated to advance sustainable hydropower development across the world.

By Umesh Ellichipuram

The International Renewable Energy Agency (IRENA) and the International Hydropower Association (IHA) have collaborated to advance sustainable hydropower development.

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

Under the terms of the partnership, the two organisations will work together to accelerate the financing, development, and deployment of sustainable hydropower.

IHA CEO Eddie Rich said: “While hydropower will continue to play an essential role in global electricity, hydropower’s flexibility and storage capabilities are also important to complement variable renewables such as wind and solar. Hydropower acts as an enabler of higher shares of variable renewable energy in future energy systems.”

An IRENA spokesperson said that the partnership will involve future policy and market initiatives which aim to benefit hydropower projects. The agency will also enable public-private dialogue, strengthen international cooperation and promote sustainable hydropower through knowledge development.

Recently, IRENA published its post-Covid-19 economic recovery agenda. This suggests a 150% increase in annual sustainable hydropower investments from $22bn to $55bn before 2030, which would support global economic recovery and accelerate the energy transition.

As part of the agreement, the organisation will support IHA’s new International Forum on Pumped Storage Hydropower, a government-led multi-stakeholder platform. The platform was developed in partnership with the US Department of Energy and aims to increase use of pumped storage hydropower.

According to IRENA, hydropower is the world’s largest source of renewable power. It says the technology is now contributing more than half of the world’s renewable energy installed capacity, and directly employing around two million people.

Related Companies

Free Report
img

Delve into the renewable energy prospects for Morocco

In its new low greenhouse gas (GHG) emission strategy to 2050, submitted to the United Nations (UN), the Ministry of Energy Transition and Sustainable Development (MEM) of Morocco suggested to raise the share of renewable capacity in the country’s total power installed capacity mix to 80%.   Morocco currently aims to increase the share of renewables in total power capacity to 52% by 2030. The new strategy plans to increase the share of renewable capacity to 70% by 2040 and 80% by 2050.  GlobalData’s expert analysis delves into the current state and potential growth of the renewable energy market in Morocco. We cover: 
  • The 2020 target compared to what was achieved 
  • The 2030 target and current progress 
  • Energy strategy to 2050 
  • Green hydrogen 
  • Predictions for the way forward  
Download the full report to align your strategies for success and get ahead of the competition.   
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Power Technology