The data indicates a steady decline in hydro power gross electricity production in Belgium from 2013 to 2023, with minor fluctuations. In 2023, the value stood at 4.52 thousand terajoules, reflecting a 1.45% year-on-year decrease. Notably, the CAGR over the last 5 years leading up to 2023 was -0.79%. This trend is expected to continue, with forecast data projecting production to decrease to 4.23 thousand terajoules by 2028, equivalent to a 1.06% CAGR. Over the last two years (2022-2023), the year-on-year variations illustrate slight declines, highlighting the consistent downward trajectory.
Future trends to watch for:
- Potential impact of policy changes and incentives promoting renewable energy diversification.
- Technological advancements and efficiency improvements in hydro power infrastructure.
- Variability in precipitation and climate conditions affecting water availability for hydro power generation.
- Integration with other renewable energy sources to stabilize overall electricity production.