Submitted by MRFR • November 2, 2020
www.marketresearchfuture.com
As, Hydropower comes along with low levelised cost, high capacity utilization factor and ease of grid parity, which will stimulate the global hydropower market size. Recently, Energy Information Administration (EIA) quoted that, hydroelectricity capacity utilization factor (CUF) to be over 60% when compared to 25% for Solar PV. Stringent government regulation towards reducing the global carbon footprint coupled with depleting conventional resources will drive the global hydropower market.
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- Category: Business
- Tags: growth | industry analysis report 2023, hydropower market size, trends