Key Market Indicators
Azerbaijan's electricity generation is projected to reach 33 terawatt-hours by 2028, up from approximately 30 terawatt-hours in 2023. This represents an average annual growth rate of 1.3%. Since 1990, the country's electricity supply has seen a steady increase, averaging a 3.5% growth rate each year. In the global ranking for 2023, Azerbaijan held the 65th position, with Denmark slightly ahead at 30 terawatt-hours. Leading the world in electricity generation, the United States, India, and Russia occupied the second, third, and fourth spots, respectively.
