GALWAY, IRELAND -- (Marketwire) -- 03/30/11 -- Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland) -- The European hydropower market may not be growing as quickly as other renewable energy sectors, but it is still the most important source of renewable energy in the region. Today, Industrial Info (IIR) reports that there are 198 European hydropower projects under development with a combined investment value of 35.1 billion euros ($45.7 billion). For 2012 alone, 68 projects worth an estimated 9.5 billion euros ($13.5 billion) are expected to begin.
This month, the Spanish arm of German energy giant E.ON AG (PINKSHEETS:EONGY) (Düsseldorf, Germany) plans to invest $800 million to expand the Aguayo hydropower plant in Santander, in the Cantabria province of Spain. The project will see the addition of another 1,000 MW of power.
IIR's Renewable Energy Database provides extensive coverage on the wind energy, geothermal, hydroelectric, landfill gas-to-energy and utility-scale solar power plants throughout North America, and is now expanding coverage across the world.
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