Key Market Indicators
Spain's hydro power consumption is projected to decline to approximately 103,000 terajoules by 2028, down from around 106,000 terajoules in 2023. This represents an average annual decrease of 0.4%. Since 1995, the demand for hydro power in Spain has been falling at an average rate of 3.1% per year. In 2023, Spain ranked sixth in hydro power consumption globally, with Austria surpassing it at the same consumption level of 106,000 terajoules. Sweden, France, and Italy held the second, third, and fourth positions, respectively, in the global ranking for hydro power consumption. Similarly, Spain's hydro power generation is set to decrease to around 103,000 terajoules by 2028 from approximately 106,000 terajoules in 2023, marking a 0.4% year-on-year decline. The supply has also been decreasing at an average annual rate of 3.1% since 1995. In 2023, Spain ranked sixth in hydro power generation, with Austria again overtaking it at 106,000 terajoules. Sweden, France, and Italy were also ahead, holding the second, third, and fourth positions, respectively.
