The Hydro Power Gross Inland Consumption in Belgium has seen substantial fluctuations over the past decade, peaking in 2021 with 35.95 thousand tonnes of oil equivalent, then gradually declining to 28.91 in 2023. The year-on-year variation for the last two years shows a recovery of 2.38% in 2023 after a sharp decline of 21.47% in 2022. The compound annual growth rate (CAGR) from 2019 to 2023 stands at 2.84%, indicating modest growth.
Looking forward, from 2024 to 2028, the consumption is projected to remain stable at 28.91 thousand tonnes of oil equivalent, with no significant growth or decline, reflecting a forecasted 5-year CAGR and growth rate of 0%.
Future trends to watch for include:
- Technological advancements that could enhance hydroelectric efficiency.
- Policy changes or investments in renewable energy infrastructure.
- Environmental factors that may influence hydro power generation capacity.
