In 2023, hydroelectricity generation in Mexico stood at 32.83 TWh. The year-on-year variation from 2022 to 2023 shows a decline of 8.07%, while the CAGR over the past five years is a modest 0.21%. Historically, the sector has seen considerable volatility. Notably, 2014 witnessed a significant spike by 38.8%, whereas 2019 experienced a sharp decline of 27.33%. Forecast projections for 2024 to 2028 suggest a stable but slow growth trajectory, with a forecasted five-year CAGR of 0.32% and an overall growth rate of 1.59% from 2024 to 2028.
Future trends to watch for:
- Potential regulatory changes impacting renewable energy policies.
- Technological advancements in hydroelectric infrastructure.
- Environmental factors affecting water supply for hydroelectric generation.
- Government and private sector investment in renewable energy projects.
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