Key Market Indicators
Portuguese hydropower generation is projected to reach approximately 40,200 terajoules by 2028, a slight decrease from 40,240 terajoules in 2023. This represents a year-on-year compound annual growth rate (CAGR) of 0%. Since 1995, Portugal's hydropower supply has experienced a steady decline of around 2% annually. In 2023, Portugal ranked 11th globally in hydropower generation. Iceland surpassed Portugal with a generation of 40,240 terajoules. Leading the global rankings were Sweden, France, and Italy, occupying the second, third, and fourth positions, respectively. Similarly, Portuguese hydropower consumption is expected to mirror this trend, reaching approximately 40,200 terajoules by 2028, down from 40,240 terajoules in 2023, also reflecting a 0% year-on-year decline on average. Portugal's hydropower demand has similarly decreased by about 2% annually since 1995. In 2023, the country maintained its 11th position in global rankings, again trailing behind Iceland with 40,240 terajoules. Sweden, France, and Italy dominated the top spots in consumption, as well.
