The hydro power gross available energy in the UK is forecasted to see a gradual increase over the period from 2024 to 2028. Starting at 526.91 thousand tonnes of oil equivalent in 2024, it will reach 546.55 by 2028. Comparatively, the growth rate is consistent with a year-on-year increase of approximately 0.96% to 0.92%, maintaining a stable upward trend over the years. The compound annual growth rate (CAGR) for this period is estimated to be around 0.94%, showcasing a steady growth trajectory in the UK hydro power sector from 2024 onwards.
Future trends to watch for include:
- Potential regulatory changes and government incentives supporting renewable energy could positively impact growth rates.
- Technological advancements improving efficiency and capacity of existing hydro power facilities.
- Environmental and sustainability concerns driving investments in clean energy sources, enhancing the sector's expansion.
