Key Market Indicators
Norwegian hydro power consumption is projected to climb to approximately 535,000 terajoules by 2028, up from around 515,000 terajoules in 2023. This marks an average annual growth rate of 0.6%, consistent with the trend observed since 1995. In the European hydro power rankings, Norway leads, with Sweden, France, and Italy following in the second, third, and fourth positions, respectively. Similarly, Norwegian hydro power generation is forecasted to reach roughly 535,000 terajoules by 2028, up from about 515,000 terajoules in 2023. The generation sector has mirrored the consumption sector with an annual growth rate of 0.6% since 1995. Sweden, France, and Italy also hold the second, third, and fourth spots in hydro power generation rankings, respectively, underscoring their significant roles in Europe’s hydroelectric landscape.
