About Honduras hydropower energy storage tender results
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4 FAQs about [Honduras hydropower energy storage tender results]
Are pumped storage hydropower plants a key source of electricity storage capacity?
Pumped storage hydropower plants will remain a key source of electricity storage capacity alongside batteries. Global pumped storage capacity from new projects is expected to increase by 7% to 9 TWh by 2030.
Why is long-term visibility important for hydropower projects?
Long-term visibility on revenues, especially for large-scale hydropower projects with long lead times, reduces financing costs significantly and increases project viability, thereby facilitating investment. This is particularly important when the private sector is involved. IEA. Licence: CC BY 4.0
Are hydropower projects sustainable?
Therefore, hydropower projects need to meet clear and widely accepted sustainability standards in order to make them viable. Ensuring that hydropower projects adhere to strict guidelines and best practices can minimise sustainability risks while maximising social, economic and environmental advantages.
Is hydropower a good investment?
The potential is particularly high in emerging economies and developing economies, reaching almost 60%. Over the life cycle of a power plant, hydropower offers some of the lowest greenhouse gas emissions per unit of energy generated – as well as multiple environmental benefits.
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