Forecast: Hydroelectricity Generation in Finland

Between 2013 and 2019, Finland's hydroelectricity generation showed significant fluctuations, with peaks in 2015 and 2020, reflecting varying water flow conditions and other influencing factors. The year 2020 experienced a notable increase of 27.88% year-on-year, followed by a slight decline in subsequent years until 2023, where hydroelectricity production stood at 14.5 TWh, reflecting a 6.14% increase over the previous year. The five-year CAGR from 2019 to 2023 indicates an average annual growth of 1.74%.

Forecasts from 2024 to 2028 suggest a relatively stable trend with minor incremental increases, revealing a forecasted five-year CAGR of 0.17%. This points towards a modest growth rate of approximately 0.87% over the period.

Future trends to watch for include potential impacts of climate change on water availability, advancements in hydroelectric technology, regulatory changes, and the integration of hydroelectricity with other renewable energy sources to enhance grid stability.