Gross electricity production from hydro power in Spain stood at 2.82 Million Tonnes of Oil Equivalent (MTOE) in 2023. The actual data from 2013 to 2023 shows significant fluctuations, with the highest recorded value of 3.69 MTOE in 2014 and the lowest at 1.81 MTOE in 2017. The year-on-year variation indicates a highly volatile trend, with positive increments such as 74.67% in 2018 and sharp declines such as -47.15% in 2017. The compound annual growth rate (CAGR) for the last five years (2019-2023) shows an average annual decrease of -0.38%. From 2024 to 2028, the forecast continues this trend with a slight annual decline.
Future trends to watch for include potential impacts of climate change on water availability, government policies promoting renewable energy sources, technological advancements in hydro power efficiencies, and broader energy market dynamics shifting towards solar and wind energy.