In 2023, hydroelectricity generation in China stood at 1,330 Terawatthours. Analyzing the year-on-year variation, there was an increase of 2.23% from 2022. Over the last two years, the average annual growth rate (CAGR) was 2.20%. Notably, the five-year CAGR leading up to 2023 was 2.13%, indicating a significant slowdown from the high growth years of early 2010s. From 2013 to 2017, growth rates were strong, with substantial increases. However, post-2017, the annual growth rates moderated significantly, reflecting a maturing market.
Future trends to watch for:
- Forecast for the next five years predicts a much slower growth with a CAGR of only 0.69%.
- Increased focus on sustainable practices and technological advancements in energy generation.
- Potential policy impacts due to environmental considerations and energy security.
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