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ENDNOTES 04 INVESTMENT FLOWS
INVESTMENT FLOWS
1 The BNEF estimate for investment in large hydropower (>50 MW)
is based on about 26.3 GW. BNEF estimates that large hydro
projects totalling some 26.3 GW received financial go-ahead in
2015, equivalent to around USD 43 billion of asset finance. Costs
per MW for large hydro vary significantly from region to region,
and this is why investment was estimated by BNEF to be lower
in 2015 than in 2014 even though the capacity financed in 2015
was significantly higher. Estimating the value of large hydro
dams reaching ‘final investment decision’ stage in any given
year is complicated by the fact that many projects begin initial
construction several years before the point of no return, or even
the award of full permitting, is reached. Some also run into delays
during the long construction process. (See Hydropower section
in Market and Industry Trends chapter.)
2 National Energy Agency of China, National Electric Power Industry
Statistics, sourced from the National Energy Board, 15 January
2016, http://www.nea.gov.cn/2016-01/15/c_135013789.htm.
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