In 2023, Norway’s hydro power energy supply stood at 143.21 Thousand Gigawatthours. The forecasted data for the period 2024 to 2028 indicates a steady increase in supply. The year-on-year variations are as follows: from 2024 to 2025, a 0.76% increase; from 2025 to 2026, a 0.75% increase; from 2026 to 2027, a 0.74% increase; and from 2027 to 2028, a 0.73% increase. The compound annual growth rate (CAGR) for the period 2024 to 2028 is 0.74%.
Future trends to watch for:
- Technological advancements in hydro power generation.
- Environmental regulations and policies that could impact hydro power production capacities and efficiencies.
- Climate change effects on water availability, potentially influencing hydro power generation levels.
