Search and Filter Through Our Comprehensive Database of Ongoing Hydroelectric Power Plant Projects and Tenders in Luxembourg
Identify and track all the ongoing (work-in-progress) hydroelectric power plant projects, tenders, and contract awards. Our extensive database and user-friendly interface make it easy for you to find the right business opportunity in Luxembourg.
Luxembourg Hydroelectric Power Plant Industry Analysis
Current Scenario:
Luxembourg has a relatively small electricity market, with the majority of its electricity imported from neighboring countries. The country has very limited hydroelectric power production capacity, with only a few small hydropower plants in operation. However, the government is actively pursuing the expansion of renewable energy sources, including hydropower, to reduce dependence on imported energy and meet its renewable energy targets.
Construction of New Projects:
There are currently no major new hydropower projects under construction in Luxembourg. However, the government has announced plans to expand the country's renewable energy capacity, which includes a target of producing 11% of its electricity from hydropower by 2020. To achieve this target, the government plans to install new small-scale hydropower plants, as well as retrofit existing dams and weirs to generate electricity.
Major Drivers:
One of the major drivers of the hydropower industry in Luxembourg is the government's commitment to renewable energy. The government has set a target of producing 11% of its electricity from hydropower by 2020, as part of its wider goal of generating 11% of its total energy consumption from renewable sources. In addition, the government provides financial incentives and subsidies to promote the development of renewable energy sources, including hydropower.
Industry Outlook:
The outlook for the hydropower industry in Luxembourg is positive, with the government's commitment to renewable energy likely to drive investment in the sector. The expansion of small-scale hydropower plants and retrofitting of existing dams and weirs is expected to contribute to the country's renewable energy targets. However, the limited potential for large-scale hydropower projects means that the industry is likely to remain relatively small in Luxembourg.
Overall, the hydropower industry in Luxembourg is in the early stages of development, but with the government's commitment to renewable energy and the potential for expansion of small-scale hydropower plants, there is potential for growth in the industry in the coming years.
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