The hydro power electricity production capacity in the UK stood at 4.9 thousand Megawatts in 2023. Over the past decade, this sector showed moderate growth with annual variations ranging from a significant drop of 4.18% in 2020 to an increase of 8% in 2021. The compound annual growth rate (CAGR) over the last five years stood at 0.52%, signaling steady albeit slow growth. Looking ahead, the forecasted data suggests continued gradual growth, with a five-year CAGR of 0.45% and an overall increase of 2.26% by 2028, reaching 5.05 thousand Megawatts.
Future trends to watch for:
- Technological advancements and their potential impact on efficiency and capacity.
- Regulatory changes and government policies promoting renewable energy sources.
- Environmental and climatic factors affecting water availability for hydro power generation.