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Mil Research Analysis
Link: https://www.energy.gov/eere/water/benefits-hydropower
https://www.hindawi.com/journals/isrn/2012/730631/
https://www.sciencedirect.com/topics/engineering/hydroelectric-power
https://www.doe.gov.ph/hydropower
Author/s: Susan Combs, Chris Goodall, Pinder, George Francis, Michael Anthony,
Neslihan Yildirim,Mario Barbosa, Albin Königshofer and Eric Chastain
Data Gathering Procedure: Comparing the cost of electricity to the initial investment
in a hydroelectric system, the payback period is short. Unlike fossil fuel generation,
the price of natural gas, coal, etc. varies depending on what the market is doing. In
terms of fuel, hydropower does not require fuel like most other energy sources.
According to IEO2012, renewable energy is the fastest-growing source of electricity.
Total generation from renewable resources will increase by 3% per year and the
renewable share of world electricity production will increase from 18% in 2007 to
23% in 2035. Hydropower leads the sector with 35% of total renewable energy.
Strong growth in hydroelectric power is expected in China, India, Brazil, and many
Southeast Asian countries, including Malaysia and Vietnam. The United States
currently has more than 2,000 hydroelectric plants representing more than half of the
country's renewable energy sources. China, Canada, and Brazil are the only
countries that produce more hydroelectric power. According to ANDRITZ Hydro, only
16% of the national total in the Philippines has a total installed hydropower capacity
of about 3,701 MW. However, there is still reserve capacity for hydroelectric power
generation and a lot of energy potential that has not been developed.