The hydro power electricity production capacity in Spain has shown a steady growth from 2013 to 2023, increasing from 19.19 thousand megawatts to 20.38 thousand megawatts. The year-on-year variation has fluctuated, with a notable increase of 4.32% in 2015, but has mostly remained modest, particularly in recent years. The CAGR over the last five years has averaged around 0.29%, indicating a consistent but moderate growth.
For the future, we can expect hydro power capacity to continue its upward trend, with forecasted capacities reaching 20.97 thousand megawatts by 2028. The forecasted 5-year CAGR is approximately 0.45%, reflecting a slight acceleration in growth. Key factors to watch include advancements in hydro technology, policy changes, and climate impacts which could influence production capacities.
Future trends to watch for:
- Technological advances in hydro power efficiency and capacity upgrades.
- Government policies and incentives promoting renewable energy.
- Environmental factors and water resource management impacting hydro power production.
