The gross available energy from hydro power in Denmark, measured in thousand tonnes of oil equivalent, peaked at 1.66 in 2016. Since then, there has been a fluctuating downward trend, with the value standing at 1.29 in 2023. Over the last two years (2022-2023), there has been a small decline, with year-on-year variations of -5.64% in 2022 and -2.8% in 2023. Over the last five years (2018-2023), the compound annual growth rate (CAGR) has been slightly positive at 0.11%, showing a generally stable trend with minor fluctuations.
Looking ahead, the forecasted data suggests a continuous decline, with a five-year CAGR forecasted at -2.4%, leading to an 11.45% reduction by 2028. By then, the gross available energy is expected to be around 1.11 thousand tonnes of oil equivalent.
Future trends to watch for include:
• Technological advancements in hydroelectric power generation
• Potential regulatory changes impacting renewable energy sources
• Climate change impacts on water resources affecting hydro power capacity
• Shifts in energy policy or investment focus towards other renewable sources like wind or solar
