Analyst Pin-board Renewable energy potential
La Nina is coming back, 2021 – 2022 will be a prosperous phase for the hydropower sector
La Nina is coming back since May 2020 and is set to peak in 2021 and 2022. According to NCEP, the probability that La Nina happens from now to April 2021 is over 60%, higher compared to El Nino and Neutral phenomena. Subsequent to the severe weather in 2019 and early 2020 with droughts, the hydropower segment suffered a decline in volume and revenue terms (Figure 1). The coming back of La Nina is going to benefit hydropower plants in the near term.
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