What is the age of the hydropower captain?

Written by Vincent Rious

 The duration of rights to use hydropower is different from one country to the other. In Great Britain It’s 12 years (with, nevertheless, the possibility of infinite renewal – an immortal captain?). In Germany, France, Greece, Italy, Norway (for private leasing), Poland and Romania it’s between 15 and 40 years. Meanwhile, in Austria, Norway (for public companies), Portugal, Spain, and Switzerland the figure is between 40 and 80 years. The most extreme cases are Sweden and Finland, with no time limit whatsoever (an immortal captain again?).

In economic theory -other things being equal – one would expect that the duration of the right to use hydropower would be aligned with investment lifetime or at least until major refurbishment, these durations themselves induced by physical investment conditions (for instance, the type of turbine that can be installed, needed ground and dams engineering). How strange is it then to deduce the variety of physical investment conditions in Europe from the wide variety of duration of rights to use hydropower… read that previous sentence again but with an ironic tone. Surely, a common methodology to set this duration would help toward a level playing field for hydropower in Europe.

 

What is the age of the hydropower captain?


More on Renewables

A Sustainable Approach to Mining in Peru
A Sustainable Approach to Mining in Peru

In this article, Suamy Gabriela Pérez Ortega explores how renewable energy enables a more sustainable approach to mining in Peru.…

EU Electricity Markets with Ambitious Renewable Participation
EU Electricity Markets with Ambitious Renewable Participation

In this paper, Paulina Beato (Member of the Expert Group on Electricity Interconnection Targets Barcelona Graduate School of Economics) analyzes…

Net Zero Podcast Series
Net Zero Podcast Series

Tune into the Net Zero podcast to hear from the key actors driving the energy transition. Understand where we are…

Join our community

To meet, discuss and learn in the channel that suits you best.

scroll

top