United States (US) Hydropower Market Analysis by Size, Installed Capacity, Power Generation, Regulations, Key Players and Forecast to 2035
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US Hydropower Market Report Overview
In 2023, the cumulative installed capacity for hydropower in the US was 101.9 GW and will grow at a CAGR of less than 1% during 2023-2035. Onshore wind represented the second most significant renewable power source in the country in 2023.
US Hydropower Market Outlook 2023-2035

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The US hydropower market research report discusses the renewable power market in the country and predicts future outcomes until 2035. The report also gives detailed coverage of the renewable energy policy framework governing the hydropower market in the US.
| Cumulative Installed Capacity (2023) | 101.9 GW |
| CAGR (2023-2035) | <1% |
| Historical Period | 2010-2022 |
| Forecast Period | 2023-2035 |
| Regulations | · Tax Cuts and New Jobs Act (TCJA)
· Inflation Reduction Act (IRA) |
| Leading Companies | · WEC Energy Group Inc
· The AES Corp · Santee Cooper · PPL Corp · GE Vernova Inc |
| Key Active Plants | · Grand Coulee
· Bath County · Robert Moses Niagara · John Day · The Dalles |
| Key Deal Type | · Debt Offerings
· Acquisition · Partnership · Venture Financing · Asset Transaction |
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US Renewable Energy Policy Framework
- In December 2017, the US government passed a tax bill reducing corporate tax rates that impacted several industries. With regards to the renewable energy industry, there were initial concerns that the government might make changes to the federal ITC and may allow the accelerated depreciation on solar and select other renewable energy projects.
- In August 2022, the US government enacted ‘The Inflation Reduction Act of 2022’ (IRA). It is a follow-up attempt after the ‘Build Back Better Act’ failed to achieve legislative support. Several of the renewable energy provision in the IRA are similar yet more enhanced than the Build Back Better Act.
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US Hydropower Market – Competitive Landscape
WEC Energy Group Inc, the AES Corp, Santee Cooper, PPL Corp and GE Vernova Inc are a few of the market players in the hydropower market in the US.
WEC Energy Group Inc: Headquartered in Milwaukee, Wisconsin, the US, WEC Energy Group Inc (WEC) is an energy holding company. It generates and distributes electricity and thermal energy and delivers natural gas. The company produces electric power using various sources like coal, natural gas, oil, hydro, solar, wind and biomass. WEC owns, maintains, monitors, and operates electric transmission systems; owns generating facilities and leases those to its group entities; provides natural gas storage and hub services for its sister companies; and owns underground natural gas storage facilities. It serves residential, commercial, community, government customers in Illinois, Wisconsin, Michigan, and Minnesota.
US Bioenergy Market Analysis by Companies
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US Hydropower Market - Major Active Plants
Grand Coulee led the US hydropower market in terms of total capacity contribution in 2023.
US Hydropower Market, by Active Plants, 2023 (%)
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US Hydropower Market Segmentation by Deal Types
In 2023, the hydropower market in the US recorded most of the debt offerings deals.
US Hydropower Market Analysis, by Deal Types, 2023 (%)
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Segments Covered in the Report
US Hydropower Market Deal Type Outlook (2022-2035)
- Debt Offerings
- Acquisition
- Partnership
- Venture Financing
- Asset Transaction
Scope
The report analyses US’s hydropower market. The scope of the research includes –
- A brief introduction to global carbon emissions and global primary energy consumption.
- An overview of the country’s renewable power market, highlighting installed capacity trends (2010-2035), generation trends (2015-2035), and installed capacity split by various renewable power sources.
- Detailed overview of the country’s hydropower market with installed capacity and generation trends, and major active and upcoming hydropower projects.
- Deal analysis of the country’s hydropower market.
- Key policies and regulatory framework supporting the development of hydropower sources.
- Snapshots of some of the major market participants in the country.
Reasons to Buy
- The report will enhance your decision-making capability in a more rapid and time sensitive manner.
- Identify key growth and investment opportunities in country’s hydropower market.
- Facilitate decision-making based on strong historic and forecast data for hydropower market.
- Position yourself to gain the maximum advantage of the industry’s growth potential.
- Develop strategies based on the latest regulatory events.
- Identify key partners and business development avenues.
- Understand and respond to your competitors’ business structure, strategy and prospects.
Table of Contents
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Frequently asked questions
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What was the US hydropower market's cumulative installed capacity in 2023?
The cumulative installed capacity for hydropower in the US was 101.9 GW in 2023.
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What is the US hydropower market growth rate?
The US hydropower market will grow at a CAGR of less than 1% during 2023-2035.
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What are the key companies in the US hydropower market?
The key companies in the US hydropower market are the WEC Energy Group Inc, the AES Corp, Santee Cooper, PPL Corp and GE Vernova Inc among others.
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Which are the key deal types in the US hydropower market?
The key deal types in the US hydropower market are debt offerings, acquisition, partnership, venture financing, asset transaction among others.
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