, APAC

Asia’s pumped hydropower capacity to overtake NAWE in 2023

Developments will mostly be located in Mainland China.

Asia is expected to be the region with the largest pumped hydropower capacity by 2023, overtaking North America and Western Europe (NAWE), mainly driven by installations in Mainland China.

In a report, Fitch Solutions said that with the project pipeline strengthening in the region, pumped hydropower capacity will reach 82GW in 2023 from 70GW in end-2021, and will eventually grow to 134GW in 2031.

READ MORE: Global pumped hydropower to reach 233GW in 2031

It noted that Mainland China will be “chiefly responsible” for the growth to meet the National Energy Administration’s target to reach 62GW by 2025. 

For 2030, it aims to reach 120GW which will be achieved through the plan of construction of 200 pumped hydropower projects in 2025 with a total capacity of 270GW.

Other markets in the region with existing pumped hydropower capacity include Australia, Japan, Thailand, and Indonesia, which also have projects that are set for commissioning within the next 10 years.

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

Exclusives

Could coal-based power still get funding
Asian markets have increased coal output to meet energy demand.
Indonesia’s new regulation speeds up energy transitions
The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.