In 2023, Spain's hydro power gross electricity production stood at 32.58 Thousand Gigawatthours. From 2024 onwards, we observe a slight year-on-year decrease with a forecasted production of 32.41 Thousand Gigawatthours in 2024, followed by 32.24 in 2025, 32.06 in 2026, 31.88 in 2027, and 31.71 in 2028. This decline represents a steady, albeit gradual, downward trend in hydro power production with a negative CAGR over the five-year period.
Future trends to watch for:
- Climate change impact on water inflows and its effect on hydro power generation.
- Policy changes seeking to balance renewable energy sources within Spain's energy mix.
- Technological advancements in hydro power efficiency and storage solutions.
- Investment in alternative renewable energy sources like solar and wind, potentially influencing hydro power significance.