Key Market Indicators
Norway's electricity generation is projected to reach approximately 156 terawatt-hours by 2028, up from around 151 terawatt-hours in 2023. This represents an annual growth rate of 0.6%, according to a recent forecast. Since 1990, Norwegian electricity supply has increased at a steady pace of 0.5% per year. In 2023, Norway was ranked 29th globally in terms of electricity production. Argentina narrowly edged out Norway with a similar output of about 151 terawatt-hours. Leading the global rankings in electricity generation were the United States, India, and Russia, occupying the second, third, and fourth positions, respectively.
