Understanding Impact of COVID-19 on Small Hydropower Market

• The last few years have been extremely profitable for the global small hydropower market with government bodies around the world rooting for renewable sources of energy. Besides being eco-friendly, small hydropower plants make a clean source of renewable energy and also one of the cheapest ones available in the market today. Spurred by these factors, the global small hydropower market is poised to exhibit a robust growth between 2018 and 2027.
• Small hydropower plants have a life span of nearly 50 years hence make a reliable and economical source of energy. In addition, setting up these plants require low capital investment considering they require minimum reservoirs and civil construction works. Transparency Market Research (TMR) adds that operational and maintenance cost incurred in any small hydropower plant is seldom over 2% to 3% of the overall capital cost.
• TMR however forecasts a moderate CAGR of 2.9% by installed capacity for the global small hydropower market between 2019 and 2027

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new global small hydro market

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• Small Hydropower has low capital cost as it requires minimum reservoirs and civil construction work.
• It can be build using existing dams or by run of river type which reduces the civil construction cost by 50% and results into low capital cost of the project.
• Capital cost of the small hydropower plant is directly proportional to head and installed capacity, which state that higher the head and installed capacity lower the investment cost per Kw for small hydropower plant.

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• Small hydropower has low operational cost as it requires low site maintenance and labor engagement. Some of the small hydropower projects are operated and managed using a cellular phones or with one operator who looks for group of small hydropower plants in same geographical region.
• The operational and maintenance cost of the project is very less up to 2% to 3% of the total capital cost.
• Thus low capital & maintenance cost associated with installation of small hydropower plant is expected to drive the small hydropower market during forecast period.

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• The global small hydropower market is dominated by large multinational players. Key players operating in the global oil & gas EPC market areANDRITZ HYDRO GmbH
• Voith GmbH
• BC Hydro-
• Alstom S.A.
• StatKraft AS.