Key Market Indicators
Russian renewable energy generation is projected to nearly double by 2028, reaching approximately 17 terawatt-hours (TWh) from its current level of around 9 TWh in 2023. This marks an average annual growth rate of 10.4%. Since 1995, Russia's renewable energy supply has seen a substantial increase of 44.3% year on year. However, in 2023, Russia ranked 19th globally in renewable energy generation, with Romania surpassing it by producing the same 9 TWh. Leading the global rankings are the United Kingdom, Spain, and France, occupying the second, third, and fourth spots respectively.
