Hydroelectricity generation in Malaysia has exhibited significant growth over the past decade, starting at 11.8 Terawatthours in 2013 and reaching 34.33 Terawatthours in 2023. The annual growth rate reached its peak in 2016 with a 43.81% increase, followed by a general stabilization with a year-on-year growth of 5.6% in 2023 compared to the previous year. Although the growth rate fluctuated, the compound annual growth rate (CAGR) over the last five years stands at 5.45%, showing a steady increase overall.
Looking ahead to forecasted data from 2024 onwards, the hydroelectricity generation is expected to continue its upward trend, reaching 43.31 Terawatthours by 2028. The projected five-year CAGR from 2023 to 2028 is estimated at 3.68%, indicating a moderate but continuous growth rate. By the end of this period, the total projected growth rate over five years is anticipated to be 19.81%.
Future trends to watch for include advancements in technology that could further enhance efficiency and capacity of hydroelectric plants, policy changes encouraging renewable energy investment, and environmental considerations impacting new project development. Additionally, market dynamics such as supply chain factors and regional cooperation in energy resource management could influence the trajectory of hydroelectricity generation in Malaysia.
