The Hydro Power Energy Supply in Finland showed considerable fluctuation over the last decade with peaks and troughs reflecting varying year-on-year changes. After reaching a high in 2015 with a notable 25.17% growth in power supply, there were periods of significant declines especially between 2016-2019. However, the supply rebounded in 2020 with a substantial increase of 27.88%. By 2023, the value of the hydro power supply stood at 53.26 thousand terajoules, marking a slight increase of 0.39% from the previous year. Over the last five years, the average CAGR stood at 2.15%.
Looking ahead, the forecast indicates a stable growth trend in hydro power supply in Finland with a modest average annual growth rate (CAGR) of 0.29% and an overall 1.48% growth rate by 2028. Key future trends to watch for include technological advancements in turbine efficiency, climate change impacts on water levels, and policy shifts towards renewable energy incentives, which could further influence the hydro power generation landscape in Finland.
