The hydro power electricity production capacity in Belgium has been relatively stable over the past decade, with slight year-on-year variations. In 2023, the capacity stood at 1.42 thousand megawatts. Between 2013 and 2023, the Compound Annual Growth Rate (CAGR) showed minimal variations, indicating a mature and stable market. The year-on-year fluctuations ranged from -0.63% to 0.35%, reflecting minor adjustments and operational changes but no significant expansions or contractions.
From 2024 onwards, the forecast suggests a continued stable trend with an expected 5-year CAGR of 0.01% and a total forecasted growth rate of 0.04% by 2028. This signals that Belgium is likely not focusing heavily on expanding its hydro power capacity significantly.
Future trends to watch for:
- Technological advancements in hydro power efficiency.
- Government policies and regulations regarding renewable energy sources.
- Potential shifts towards other forms of renewable energy, such as solar or wind.
- Environmental impacts and water resource management affecting hydro power viability.
