(Feature Image: Construction works going on at Polavaram Dam site. Source: The Hans Media, May 2021)
This well substantiated report from Yale School of Environment this week shows that the end of the big dam era is approaching. The well argued report from Jacques Leslie uses the reports from UN University, International Renewable Energy Agency, Oxford University, Inclusive Development International, China, among others to show how the pace of construction of dams and hydropower projects and also pace of financing such projects have hugely reduced in recent years and decades.
Even the International Hydropower Association, sensing the change, is now advocating pump storage hydro rather than conventional hydro and that too off stream version, to complement the power from solar and wind. Emerging economics with rising cost of hydropower projects and rising cost of power from such projects compared to solar, wind (onshore and offshore) are a major reason for the massively slowing pace of new hydropower projects.Continue reading “DRP NB 240423: The world is moving away from Big Dams: Are we?”