In 2023, Norway's hydro power gross available energy stood at 12.27 million tonnes of oil equivalent. The forecasted data for the years 2024 to 2028 shows a steady increase in hydro power energy, with the value rising from 12.36 million tonnes in 2024 to 12.72 million tonnes in 2028. Year-on-year percentage variations are approximately 0.73% for 2025, 0.72% for 2026, 0.72% for 2027, and 0.71% for 2028. The Compound Annual Growth Rate (CAGR) over the forecasted period is expected to be around 0.72%.
Future trends to watch for include technological advancements in hydroelectric power generation, regulatory changes impacting renewable energy policies, and potential climate-driven changes in water availability affecting hydroelectric capacity.
