Key Market Indicators
Belgian hydropower generation is projected to decline to approximately 978 terajoules by 2028, down from around 1,050 terajoules in 2023. This represents an annual decrease of 1.2% on a compound annual growth rate (CAGR) basis. Notably, since 1995, Belgium's hydropower supply has remained stable with a zero percent year-on-year change. In the 2023 global rankings, Belgium was positioned at number 30, with Kosovo surpassing it by recording the same 1,050 terajoules. Leading the rankings were Sweden, France, and Italy, securing the second, third, and fourth spots, respectively. Similarly, Belgian hydropower consumption is expected to follow the same downward trend, reaching approximately 978 terajoules by 2028 from 1,050 terajoules in 2023, also falling at an average annual rate of 1.2%. Since 1995, the nation's demand for hydropower has experienced no year-on-year decline. In the 2023 rankings for hydropower consumption, Belgium held the 30th position, with Kosovo again ahead at 1,050 terajoules, while Sweden, France, and Italy occupied the top three positions.
