The International Renewable Energy Agency (IRENA) and International Hydropower Association (IHA) have partnered to advance sustainable hydropower development through the sharing of knowledge, data and best practices.
The formal partnership agreement will see the two organizations work together to increase hydropower financing, development and its use as a sustainable energy source.
“While hydropower will continue to play an essential role in global electricity, hydropower’s flexibility and storage capabilities are also important to complement variable renewables such as wind and solar,” said Eddie Rich, CEO, IHA. “Hydropower acts as an enabler of higher shares of variable renewable energy in future energy systems.”
Accounting for over half of global renewable installed capacity and the direct employment of approximately two million, hydropower represents the largest source of renewable energy globally.
“IRENA’s Global Renewables Outlook estimates that an additional 850 GW of hydropower is required by 2050 for the world to stay on a climate-safe track, in line with the Paris Agreement. There is, therefore, an urgent need to boost sustainable hydropower,” added Francesco La Camera, Director-General, IRENA.
As part of the agreement, IRENA will also support the IHA’s new International Forum on Pumped Storage Hydropower – a government-led, multi-stakeholder platform developed in partnership with the U.S. Department of Energy – which aims to increase use of pumped storage hydropower.