Mumbai (Maharashtra) [India], December 28: Hydropower – Lucrative power segment
Hydropower, a reliable source of renewable energy for over 100 years, Hydropower is the backbone of low-carbon electricity generation, providing almost half of it worldwide today. Hydropower’s contribution is 55% higher than nuclear’s and larger than all other renewables combined, including wind, solar PV, bioenergy and geothermal. Hydropower also contributes significantly to the flexibility and security of electricity systems. Hydropower has numerous benefits over other sources of power generation like providing flood control, irrigation support, and clean drinking water. Hydropower provides low-cost electricity and durability over time compared to other energy sources.
Global scenario
In 2020, hydropower supplied one-sixth of global electricity generation, the third-largest source after coal and natural gas.
