Denmark's hydro power electricity production capacity saw fluctuations from 2013 to 2023. In 2023, the capacity stood at 6.86 Megawatts. Historically, there were significant variations year-on-year, with notable declines in years like 2015 (-20.17%) and rebounds such as in 2016 (+34.73%). More recently, the capacity saw decreases in 2022 (-2.44%) and 2023 (-1.35%). The overall CAGR from 2013 to 2023 stands at -0.85%, indicating a diminishing trend over the last decade.
Looking ahead, the forecast from 2024 onwards suggests a continued decline with the capacity expected to reach 6.51 Megawatts by 2028. The forecasted 5-year CAGR is -0.77%, illustrating a gradual but consistent downward trend in hydro power production capacity.
Future trends to watch for:
- Technological advancements in renewable energy could impact hydro power production.
- Policy changes and government incentives for hydro power projects.
- Climate change and environmental factors affecting water resources and hydro power potential.
- Integration of hydro power with other renewable energy sources for a more stable energy mix.
