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Hydro in Europe: Powering Renewables - Full Report - Eurelectric

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Fig. 15: <strong>Hydro</strong>power <strong>in</strong> the power generation options and respective energy payback ratios<br />

Source: Energy Policy, 2002. p. 1276<br />

3.5.3 <strong>Hydro</strong>power is the most affordable renewable energy source<br />

Besides show<strong>in</strong>g the highest energy efficiency rate and the best GHG performance,<br />

hydropower also is the most affordable renewable energy options as illustrated by the<br />

follow<strong>in</strong>g figure 16 which presents the levelized costs of energy for selected<br />

commercially availabe renewable energy technologies<br />

43

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