In 2023, Japan led the small hydro energy feed-in tariffs globally at $0.25 USD, followed by Luxembourg at $0.16 USD and the Netherlands at $0.13 USD. Notable year-on-year variations in 2023 included the increases in feed-in tariffs for Japan, Indonesia, and India at 3.62%, 3.15%, and 2.9%, respectively. Conversely, feed-in tariffs decreased in Germany by 1.18%, Estonia by 1.22%, and Slovakia by 31.97%, the latter seeing the most significant drop.
The compound annual growth rate over the last 5 years indicates a gradual and sustained shift towards increased tariffs in countries like Japan, Luxembourg, and Indonesia. Meanwhile, countries such as China and Slovakia have consistently seen tariff reductions over the same period.
Future trends to watch in the global mean feed-in tariff for small hydro energy by country include potential policy shifts in leading markets to further incentivize renewable energy, continued investment in infrastructure, and emerging markets adopting more favorable tariffs to promote small hydro projects. Additionally, globalization and advancements in technology could play crucial roles in harmonizing feed-in tariffs and driving down costs.
Top countries in Mean Feed-In Tariff for Small Hydro Energy by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 0.25 | 2023 | +3.87% | +3.62% | View data |
| 2 | 2 Luxembourg | 0.16 | 2023 | +2.26% | +1.36% | View data |
| 3 | 3 Netherlands | 0.13 | 2023 | +1.29% | +0.42% | View data |
| 4 | 4 Indonesia | 0.11 | 2023 | +3.23% | +3.15% | View data |
| 5 | 5 Bulgaria | 0.11 | 2023 | +3.89% | +0.76% | View data |
| 6 | 6 France | 0.1 | 2023 | +1.81% | +0.9% | View data |
| 7 | 7 India | 0.094 | 2023 | +3.04% | +2.9% | View data |
| 8 | 8 Germany | 0.088 | 2023 | -0.44% | -1.18% | View data |
| 9 | 9 Austria | 0.079 | 2023 | +1.49% | +0.86% | View data |
| 10 | 10 Switzerland | 0.066 | 2023 | -0.42% | -0.57% | View data |
