Hydropower Plants Market to be Worth $318.3 Billion by 2030

Governments across various economies are putting in efforts to implement hydropower generation projects owing to the increasing demand for renewable energy generation, shift towards cleaner energy sources, and increase the share of renewable energy in the total power generation across emerging economies. According to the Department of Energy (U.S.), hydropower and pumped storage continue to play a crucial role in the fight against climate change by providing essential power, storage, and flexibility services.