Key Market Indicators
Iceland is set to produce 21.46 terawatthours of electricity by 2026, up 1.3 percent each year on average. Since 1990, Icelandic energy production has gone up 1.1 percent annually. In 2021, Iceland ranked 67th in the world, with Azerbaijan taking the lead at 19.62 terawatthours. The United States, India and Russia were the second, third and fourth biggest producers respectively.