Market News

Global Pumped Hydro Storage Market- Key Developments

In April 2020, Enel Green Power was awarded 68 MW of new renewable capacity for two wind projects and 38.3 MW of nominal capacity from the repowering of operational hydroelectric plants in the second renewable auction launched by Italian state-owned energy service company GSE (Gestore Servizi Energetici).
The company participated in the 500-MW tender for new wind and solar projects and the 98.5-MW tender for renovations of renewable plants with a capacity exceeding 1 MW.
In August 2021, Enel announced that it will acquire ERG’s hydropower plants in Italy for 1 billion euros. The acquisition included 19 hydroelectric plants, seven microhydroelectric plants, seven large dams, and four reservoirs.
In October 2021, Electricite de France SA (EDF) and NTPC Ltd., India’s largest energy integrated company, signed a Memorandum of Understanding (MoU) in collaboration to explore potential power project development opportunities in the Middle East, Asia, Europe, and Africa.
In July 2020, GE Renewable Energy signed two hydropower contracts in the U. S., one for First Light’s Northfield Mountain project (design, supply, and installation of 4 x 292 MW pumped hydro storage stations).
In August 2020, GE Renewable Energy signed an agreement with Walcha Energy to accelerate the 500 MW Dungowan pumped hydro storage project in New South Wales (NSW), Australia.
In September 2020, GE Renewable Energy announced the supply and commissioning of four 125 MW fixed-speed pumped storage turbines for the new Kundah hydropower plant in India.