Major players in the hydropower sector have announced the launch of the European Hydropower Alliance, which aims to promote the benefits of hydropower and its role in achieving the European Union's social, climate, and strategic objectives. 

The alliance includes Statkraft, EDF, Enel Group, Iberdrola, EDP, Vattenfall, Fortum, VERBUND AG, Uniper, and ENGIE, who together represent a total installed hydropower capacity of over 110GW.

The alliance aims to recognize and promote the many benefits of hydropower, including its ability to compensate for the variability of intermittent renewables such as wind and solar through its flexibility and storage capacity. 

The European Hydropower Alliance hopes to work closely with the European Union and other stakeholders to promote hydropower's many benefits and to ensure that the sector continues to play a vital role in achieving Europe's energy goals.