China ‘dominates’ global hydropower development amid energy storage push: report - South China Morning Post

China ‘dominates’ global hydropower development amid energy storage push: report - South China Morning Post

Published December 03, 2025

China Leads Global Hydropower Development Amid Energy Storage Initiatives

According to a recent report, China continues to assert its dominance in the global hydropower sector, significantly contributing to the world's renewable energy landscape. The report highlights China's ongoing efforts to bolster its hydropower capacity while simultaneously advancing energy storage technologies.

As of 2023, China has achieved a remarkable milestone by operating over 1,300 hydropower plants, which collectively generate more than 380 gigawatts (GW) of electricity. This accounts for approximately 40% of the world's total hydropower capacity, reinforcing the country's leadership role in this renewable energy segment. The report indicates that China is not only expanding its existing hydropower facilities but is also investing heavily in energy storage solutions, which are crucial for the integration of renewable energy sources into the grid.

The push for energy storage is driven by the increasing demand for electricity and the need for a reliable energy supply. As renewable energy sources such as solar and wind become more prevalent, the ability to store energy for use during peak demand periods is becoming increasingly important. Energy storage systems can help mitigate the intermittency of renewable energy generation, ensuring a stable and continuous power supply.

China's investment in energy storage technologies is reflected in its ambitious targets. The country aims to install 30 GW of energy storage capacity by 2025, with a significant portion of this capacity expected to be derived from pumped hydro storage systems. These systems utilize excess electricity to pump water to higher elevations, where it can be released to generate electricity when demand is high.

In addition to hydropower and energy storage, China is also focusing on diversifying its renewable energy portfolio. The government has set a target to achieve carbon neutrality by 2060, which requires a substantial increase in the share of renewable energy in the country's overall energy mix. This goal is driving investments in various renewable technologies, including solar, wind, and biomass energy.

The report emphasizes that China's hydropower development is not only limited to domestic projects but also extends to international collaborations. Chinese companies are increasingly involved in hydropower projects around the globe, particularly in developing countries in Africa, Asia, and South America. These international ventures not only enhance China's influence in the global energy market but also contribute to the development of renewable energy infrastructure in partner countries.

One notable example of China's international hydropower engagement is the construction of the Grand Ethiopian Renaissance Dam (GERD) on the Blue Nile River. This project, which is expected to generate over 6,000 MW of electricity upon completion, has been a focal point of China's efforts to export its hydropower expertise and technology. Such projects are indicative of China's strategy to leverage its technological advancements in renewable energy to strengthen economic ties with other nations.

Furthermore, the report highlights the importance of regulatory frameworks in facilitating hydropower development. China's government has implemented supportive policies and incentives to encourage investment in renewable energy projects. These measures include financial subsidies, tax breaks, and streamlined permitting processes, which have significantly accelerated the growth of the hydropower sector.

Despite the impressive progress, challenges remain in the hydropower sector. Environmental concerns, particularly regarding the ecological impact of large hydropower projects, have prompted calls for more sustainable practices. The report notes that China is increasingly aware of these issues and is taking steps to address them through environmental assessments and community engagement initiatives.

As the global energy landscape evolves, the role of hydropower in achieving sustainability goals becomes more critical. The ability of hydropower to provide a stable and reliable source of electricity positions it as a key player in the transition to a low-carbon future. China's continued investment in hydropower and energy storage technologies is essential for meeting both domestic and international energy demands.

In conclusion, China's dominance in global hydropower development is underscored by its extensive investments and ambitious targets in energy storage technologies. As the country moves forward with its renewable energy initiatives, it is poised to play a pivotal role in shaping the future of hydropower and sustainable energy worldwide.

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Brookfield Acquires Southeast Asia Renewable Energy Platform - ESG Today

Brookfield Acquires Southeast Asia Renewable Energy Platform - ESG Today

Published December 03, 2025

Brookfield Acquires Renewable Energy Platform in Southeast Asia

Brookfield Renewable Partners L.P. has announced the acquisition of a significant renewable energy platform in Southeast Asia, marking a strategic expansion of its global renewable energy portfolio. This acquisition aligns with Brookfield's ongoing commitment to investing in sustainable energy sources and supporting the transition to a low-carbon economy.

The newly acquired platform encompasses a diverse range of renewable energy assets, which include solar, wind, and hydroelectric power generation facilities. This integration of various energy sources is expected to enhance the overall resilience and reliability of the energy supply in the region, which is increasingly focusing on sustainable development and reducing reliance on fossil fuels.

Brookfield's move into Southeast Asia is part of a broader trend where major investment firms are recognizing the potential of renewable energy in emerging markets. The region is witnessing substantial growth in energy demand, driven by rapid urbanization and economic development. By investing in renewable energy, Brookfield aims to capitalize on this growth while contributing to the region's sustainability goals.

Details of the Acquisition

While specific financial terms of the acquisition have not been disclosed, it is understood that the transaction involves a considerable investment, reflecting Brookfield's confidence in the long-term viability of renewable energy in Southeast Asia. The platform is expected to generate a significant amount of clean energy, contributing to the reduction of greenhouse gas emissions in the region.

The acquisition includes operational projects as well as those in various stages of development. This strategic approach allows Brookfield to not only benefit from existing energy production but also to play a pivotal role in the growth of future renewable energy projects. The platform is anticipated to support local economies by creating jobs and fostering technological advancements in the energy sector.

Market Context

Southeast Asia has been identified as a key region for renewable energy investment due to its abundant natural resources and favorable regulatory environment. Governments across the region are increasingly setting ambitious targets for renewable energy deployment. For instance, countries like Indonesia, Vietnam, and the Philippines have introduced policies aimed at expanding their renewable energy capacities.

According to recent reports, the renewable energy market in Southeast Asia is projected to grow significantly in the coming years. The International Energy Agency (IEA) has estimated that renewable energy could account for a substantial portion of the region's energy mix by 2030, driven by both government initiatives and private sector investments.

Brookfield's acquisition is timely, as it comes at a moment when many Southeast Asian countries are looking to diversify their energy sources and reduce their carbon footprints. The integration of more renewable energy into the grid is expected to enhance energy security and reduce vulnerability to global energy price fluctuations.

Brookfield's Commitment to Sustainability

Brookfield Renewable Partners has a long-standing commitment to sustainability and responsible investing. The firm manages one of the world’s largest publicly traded renewable power platforms, with a diverse portfolio that spans across North America, South America, Europe, and now Asia. This acquisition is a continuation of Brookfield's strategy to expand its renewable energy footprint globally.

The company has set ambitious sustainability goals, including a commitment to achieve net-zero greenhouse gas emissions across its portfolio by 2050. By investing in renewable energy projects, Brookfield aims to lead the transition to a sustainable energy future while delivering value to its investors.

Future Prospects

Looking ahead, Brookfield's acquisition of the Southeast Asia renewable energy platform is expected to pave the way for further investments in the region. The company plans to leverage its expertise in renewable energy development and management to optimize the performance of its new assets and drive innovation in the sector.

In addition to enhancing its operational capabilities, Brookfield is likely to explore partnerships with local governments and organizations to advance renewable energy initiatives. Collaborating with local stakeholders is essential for navigating regulatory landscapes and ensuring that projects align with regional sustainability goals.

The acquisition also positions Brookfield to respond to the growing demand for clean energy solutions in Southeast Asia. As countries in the region continue to prioritize renewable energy, Brookfield's investments will play a crucial role in meeting energy needs while addressing environmental concerns.

Conclusion

Brookfield Renewable Partners' acquisition of a renewable energy platform in Southeast Asia represents a significant step forward in the firm's global expansion strategy. By investing in a diverse array of renewable energy assets, Brookfield is not only enhancing its portfolio but also contributing to the sustainable development of the region.

This acquisition underscores the increasing importance of renewable energy in Southeast Asia and highlights the opportunities available for investment in this rapidly evolving market. As Brookfield continues to grow its presence in the renewable energy sector, it remains committed to driving the transition to a low-carbon economy through responsible and sustainable investment practices.

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Global geothermal market to breach $10b by 2032 - Asian Power

Global geothermal market to breach $10b by 2032 - Asian Power

Published December 03, 2025

Global Geothermal Market Projected to Exceed $10 Billion by 2032

The global geothermal energy market is on track to surpass $10 billion by the year 2032, according to recent industry reports. This growth is driven by increasing investments in renewable energy and the growing need for sustainable energy sources worldwide. Geothermal energy, which harnesses heat from the Earth's interior, is gaining traction as a reliable and environmentally friendly alternative to fossil fuels.

According to a report by Research and Markets, the geothermal market was valued at approximately $5.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of around 7.6% from 2023 to 2032. The report highlights various factors contributing to this expansion, including technological advancements, government incentives for renewable energy, and rising awareness of climate change impacts.

Key Drivers of Market Growth

Several factors are propelling the geothermal market forward. Firstly, the shift towards renewable energy sources is becoming more pronounced as nations strive to meet their climate goals. Governments around the globe are implementing policies that encourage the adoption of clean energy technologies, including geothermal energy. These policies often include financial incentives, tax credits, and research funding aimed at promoting the development of geothermal projects.

Secondly, advancements in drilling technology and geothermal power plant design have significantly reduced the costs associated with geothermal energy production. Enhanced geothermal systems (EGS) and improved drilling techniques have made it possible to access geothermal resources that were previously considered economically unfeasible. As a result, more regions are becoming viable for geothermal energy development.

Additionally, the demand for reliable baseload power generation is increasing. Geothermal energy provides a consistent and stable source of power, making it an attractive option for utility companies looking to diversify their energy portfolios. This reliability, combined with its low environmental impact, positions geothermal energy as a key player in the transition to a sustainable energy future.

Regional Insights

North America is currently one of the leading regions in the geothermal market, with the United States being the largest producer of geothermal electricity in the world. The U.S. has significant geothermal resources, particularly in the western states, and is home to numerous geothermal power plants. The country is expected to continue investing in geothermal energy, with new projects and expansions planned in the coming years.

In addition to North America, Asia-Pacific is witnessing rapid growth in the geothermal sector. Countries such as Indonesia and the Philippines are among the top producers of geothermal energy globally. Indonesia, in particular, has ambitious plans to increase its geothermal capacity, aiming to become a leader in geothermal energy production. The government has set a target of generating 7,200 megawatts (MW) of geothermal power by 2025, which would significantly boost the country's renewable energy share.

Europe is also making strides in geothermal energy development. Countries like Iceland, Italy, and Turkey are investing heavily in geothermal projects. Iceland, with its unique geological conditions, has been harnessing geothermal energy for decades and continues to be a model for sustainable energy practices. Italy, as one of the pioneers in geothermal energy, is focusing on enhancing its existing geothermal plants and exploring new sites for development.

Challenges Facing the Geothermal Market

Despite the promising growth outlook, the geothermal sector faces several challenges that could impact its expansion. One of the primary hurdles is the high upfront capital costs associated with geothermal projects. Drilling deep wells and constructing power plants require significant investment, which can be a barrier for new entrants in the market.

Moreover, the availability of suitable geothermal resources is not uniform across regions. While some areas have abundant geothermal potential, others may lack the necessary geological conditions to support geothermal energy production. This geographic limitation can restrict the growth of geothermal energy in certain regions, necessitating targeted efforts to identify and develop suitable sites.

Furthermore, regulatory and permitting processes can be complex and time-consuming, which may deter investment in geothermal projects. Streamlining these processes and providing clear guidelines for developers could help facilitate the growth of the geothermal market.

Future Outlook

Looking ahead, the global geothermal market is poised for substantial growth as governments and private investors increasingly recognize the importance of sustainable energy sources. The transition to a low-carbon economy will likely drive further investments in geothermal technology and infrastructure.

Innovations in geothermal energy, such as the development of enhanced geothermal systems and the integration of geothermal energy with other renewable sources, are expected to enhance the efficiency and viability of geothermal projects. As research and development efforts continue, the potential for geothermal energy to contribute to global energy needs will expand.

In conclusion, the global geothermal market is set to exceed $10 billion by 2032, driven by technological advancements, government support, and the increasing demand for sustainable energy solutions. While challenges remain, the future of geothermal energy appears promising, with significant opportunities for growth and development in the coming years.

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