Hydro Power Gross Inland Consumption in Spain stood at 2.55 Million Tonnes Of Oil Equivalent (MTOE) in 2023. Historical data indicates fluctuations, with a significant dip of 49.66% in 2017, followed by an 87.39% resurgence in 2018. The following years exhibited minor ups and downs, notably a minimal decline of 0.37% in 2023. The last five years showed an average annual decrease of 2.9%. Future forecasts from 2024 to 2028 project a slight decline, with a forecasted 5-year CAGR of -0.29%.
Future trends to watch for include:
- Changes in rainfall patterns due to climate change affecting hydroelectric power generation.
- Spanish government policies on renewable energy investments and their impact on hydro power.
- Technological advancements in hydroelectric power generation and storage capabilities.