In 2023, hydro power gross electricity production in Norway stood at 12.33 Million Tonnes Of Oil Equivalent. From 2024 to 2028, the forecasted values show a consistent year-on-year increase: 0.72% from 2023 to 2024, 0.73% from 2024 to 2025, 0.72% from 2025 to 2026, 0.71% from 2026 to 2027, and 0.71% from 2027 to 2028. Over the five-year period from 2023 to 2028, the compound annual growth rate (CAGR) is approximately 0.72%.
Future trends to watch for include technological advancements in hydro power efficiency, impacts of climate change on water resources, and potential policy changes regarding renewable energy incentives and regulations. Monitoring these factors will be crucial for accurately forecasting and optimizing Norway's hydro power output in the coming years.