Norway's hydro power production in 2023 was 12.27 Million Tonnes of Oil Equivalent (MTOE). Looking at the forecasted data from 2024 to 2028, we can observe a consistent year-on-year growth in production. The annual growth rates are as follows: 0.73% from 2023 to 2024, 0.73% from 2024 to 2025, 0.72% from 2025 to 2026, 0.72% from 2026 to 2027, and 0.71% from 2027 to 2028. Over the last five years, the Compound Annual Growth Rate (CAGR) stands approximately at 0.72%.

Key future trends to watch for include: