Hydro power electricity production capacity in Finland stood at 3.18 Thousand Megawatts in 2023. The data from 2013 to 2023 shows a modest yet consistent annual improvement, with fluctuations around a steady growth trajectory. Notably, the year-on-year variations indicate small but positive increments in most years, with a peak growth of 0.91% in 2013 and the lowest at -0.13% in 2018. The last five years, from 2018 to 2023, maintain an average annual growth rate (CAGR) of 0.2%, demonstrating stability in capacity expansion.
The forecast from 2024 to 2028 shows an expected slight growth in hydro power capacity, projecting an increase from 3.19 to 3.21 Thousand Megawatts. This suggests a forecasted 0.11% CAGR over the next five years, indicating continued, albeit slow, growth. The forecasted five-year cumulative growth rate stands at 0.56%, implying minimal but steady advancements in capacity.
Future trends to watch for include technological advancements in hydro power generation to enhance efficiency, and potential policy changes that might accelerate investments in renewable energy infrastructure. The stability in growth rates also signals a need for strategic initiatives to further optimize and perhaps increase hydro power production capacities.
