In 2023, the UK’s pure hydro power electricity production capacity stood at 1.97 thousand megawatts. The forecasted data from 2024 to 2028 indicates a steady increase in capacity, reaching 2.05 thousand megawatts by 2028. This marks a consistent year-on-year growth rate of approximately 0.5% to 1%. The Compound Annual Growth Rate (CAGR) over the next five years is around 0.8%, indicating a modest but positive trend in capacity expansion.
Future trends to watch for:
- Technological advancements in hydro power generation and storage.
- Government policies promoting renewable energy sources.
- Potential environmental regulations impacting hydro power projects.
- Investment patterns in the renewable energy sector.
