Spain Hydropower Market Value-Ken Research

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The Changing Landscape Of The Spanish Hydropower
Industry Ken Research
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The world has witnessed an increasing rate of
green house gas emissions which has impacted the
earth in a disastrous way. New methods of energy
production and development are being developed in
various countries. One of the major shifts in
energy production is the use of renewable sources
of energy generation. One of the primary
renewable resources is the hydro energy which is
used to generate electricity by making water fall
on large turbines from a great height. Spain is
extensively utilising its hydropower potential in
order to ensure safer environment for its future
generation. Spain has numerous hydropower
projects that are still under construction and
some that began operations long back. There are
three broad categories of hydropower projects and
these include Small Hydro projects, Medium Hydro
projects and large hydro projects. Many
organisations are developing small hydropower
projects due to the cost effectiveness associated
with them. According to the study, 'Hydropower
(Large, Small And Pumped Storage) In Spain,
Market Outlook To 2030, Update 2018 - Capacity,
Generation, Regulations And Company Profiles',
some of the major companies that are working in
the hydropower energy generation industry include
Iberdrola, S.A., GrupoFerroatlantica, S.L., Gas
Natural Fenosa Group, E.ON Espana and
AccionaEnergia, S.A.
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Small Hydropower plant projects are the most cost
effective method of fulfilling energy
requirements of a less developed region, which is
why they attract attention in the developing
nations. They require relatively less capital
investment and though, produce lower amount of
energy but enough to fulfil the needs of a remote
area which can ensure development in that region
too. Out of the total hydropower electricity
generated in Spain, a significant portion was
generated via small hydropower projects which are
unique considering that they generate lower
amount of electricity as compared to the other
two. Most number of hydropower plants is located
in the northern region where there is abundance
of river basins coupled with hydropower
generation potential which makes it a favourable
zone for setting up such projects. The surge of
small hydropower projects in Spain is mainly due
to the governmental rules and regulation which
promoted the generation of energy via renewable
sources. The electricity sector law set a
special regulatory and economic framework for
industries that generated power using renewable
forms of energy. The overall installed capacity
of hydropower projects in Spain has been
increasing constantly over the past few years and
the same if expected to be carried for the
upcoming years.
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The competition scenario can be narrowed down to
only few players in the market who have the
ability to make huge capital investments that too
after the returns begin to generate after a
period nearly a decade. Many companies that
entered this segment could not survive the
pressure and were forced to exit, whereas those
who continued eventually became the market
leaders. The future of this industry is expected
to be bright especially due to the strong support
that the Spanish regulatory framework provides.
The established companies now face no threat from
new entrants as they have become behemoths in
this sector holding onto their share. If new
companies are able to develop better techniques
which are highly cost effective only then the big
giants can be put into trouble. For more
information on the research report, refer to
below link- https//www.kenresearch.com/energy-an
d-utilities/clean-technology/hydropower-spain-gene
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