Denmark's hydro power energy supply demonstrated a fluctuating trend from 2013 to 2023, peaking at 19.27 GWh in 2016 before gradually declining to 14.95 GWh in 2023. Over the last two years, the year-on-year variation has been negative, with a decrease of 2.76% from 2022 to 2023. The compound annual growth rate (CAGR) for the five-year period up to 2023 slightly improved to 0.11%, indicating a very mild recovery after a period of decline. The forecast indicates a continual downward trend, with a forecasted five-year CAGR of -2.41%, leading to a projected value of 12.86 GWh in 2028.
Future trends to watch for include technological advancements in energy storage and efficiency which could impact Denmark's reliance on hydro power. Additionally, shifts in regulatory frameworks and investments in renewable energy could either mitigate or exacerbate the declining trend in hydro power generation.
