In 2023, Denmark’s hydro power energy supply stood at 1.29 Thousand Tonnes Of Oil Equivalent. For 2024, the forecast projects a slight decrease to 1.25 and continues to decline to 1.11 by 2028. Analyzing the year-on-year variations, we see a -3.20% change from 2024 to 2025, -2.48% from 2025 to 2026, -3.39% from 2026 to 2027, and -2.63% from 2027 to 2028. Over the last two years, the market has shown a consistent downward trend. The cumulative annual growth rate (CAGR) from 2024 to 2028 indicates an average annual decline of approximately -3.08% in hydro power energy supply.
Future trends to watch for:
- Technological advancements in hydro power efficiency.
- Shifts in government policies or subsidies related to renewable energy.
- Potential environmental impacts and their mitigation measures impacting hydro power infrastructure.
- Changes in energy demand and the overall energy mix within Denmark.
