The hydro power electricity production capacity in Norway for 2023 was 34.85 thousand megawatts, marking the base from which the forecast growth is evaluated. The series from 2024 to 2028 shows a consistent increase in capacity, starting at 35.22 thousand megawatts in 2024 and reaching 36.69 thousand megawatts by 2028. This indicates a steady year-on-year growth, with an average annual increase of around 1% to 1.2%. The compound annual growth rate (CAGR) over this five-year period is approximately 1.34%.
Future trends to watch for include potential technological advancements in hydro power generation and efficiency, regulatory changes impacting renewable energy policies, and broader shifts towards sustainable energy sources on the global stage, which may influence Norway's hydro power capacity growth trajectory.
