In 2023, Norway's hydroelectricity generation stood at 137.68 TWh. The forecast data for the years 2024 through 2028 demonstrates a steady increase in hydroelectricity production, with values ranging from 138.06 TWh in 2024 to 139.60 TWh in 2028. The year-on-year variation indicates a relatively consistent growth rate, with slight increases each year. Specifically, the growth rates are 0.30% from 2024 to 2025, 0.28% from 2025 to 2026, 0.27% from 2026 to 2027, and 0.26% from 2027 to 2028. The compound annual growth rate (CAGR) over the five years is approximately 0.26%.
Future trends to watch for include advancements in hydroelectric technology, governmental policies affecting renewable energy investments, and potential environmental factors such as changes in precipitation patterns that may influence hydroelectricity generation capacity. Continuous monitoring of these factors will be crucial in understanding and predicting the long-term trajectory of hydroelectricity generation in Norway.
