In 2023, Norway's hydro power production stood at 515.50 thousand terajoules. Forecasted data show steady growth from 2024 to 2028, starting from 519.43 thousand terajoules in 2024 to 535.12 thousand terajoules in 2028. The year-on-year growth rates for 2024 and 2025 are 0.77% and 0.77%, respectively. Over a five-year forecast period, the compound annual growth rate (CAGR) amounts to 0.73%, indicating a consistent upward trend in hydro power production.
Future trends to watch for include technological advancements in hydro power generation, evolving energy policies, and climate change impacts on water availability. Additionally, the integration of renewable energy sources within the EU could further influence production levels.
