The gross electricity production from hydro power in Denmark stood at 53.81 Terajoules in 2023. The year-on-year variation in 2023 was -2.76%, reflecting a downward trend that has been occurring since 2019. Over the last five years, the compound annual growth rate (CAGR) has been 0.11%, indicating a relatively stable but gradually decreasing production. Forecasted data from 2024 to 2028 shows a consistent decline, with an average annual reduction rate of 2.41% and an overall decrease of 11.46% by 2028.
Future trends to watch for in the Danish hydro power sector include:
- Potential technological advancements that could optimize hydro power efficiency.
- Government policies and incentives focused on renewable energy adoption.
- Climate change impacts, as changing weather patterns could affect water availability for hydro power generation.
- Integration with other renewable energy sources such as wind and solar to create a more balanced energy mix.