Key Market Indicators
Montenegrin hydropower generation is projected to hit 8,020 terajoules by 2028, up from 7,590 terajoules in 2023. This marks an average annual growth rate of 0.9%. However, since 2010, Montenegro's supply has seen a slight decline of 0.1% year on year. In 2023, Montenegro ranked 25th globally in hydropower generation, just behind Poland, which also recorded 7,590 terajoules. Leading the ranking were Sweden, France, and Italy, occupying the second, third, and fourth spots, respectively. In parallel, Montenegrin hydro power consumption is also expected to reach 8,020 terajoules by 2028, up from 7,590 terajoules in 2023, mirroring the generation growth rate of 0.9% annually. Since 2010, the country's hydro power demand has similarly decreased by 0.1% year on year. Montenegro held the 25th position in hydro power consumption in 2023, with Poland surpassing it at 7,590 terajoules. Sweden, France, and Italy were the top three countries in this category as well.
