Key Market Indicators
Latvia's renewable energy generation is projected to experience a slight decline over the next five years. The country's output is expected to decrease by an average of 0.3% annually, dropping from approximately 1.05 terawatt-hours in 2023 to around 1.03 terawatt-hours by 2028. This trend is consistent with the country's historical performance. Since 2001, Latvia's renewable energy supply has fallen by an average of 0.4% each year. In the 2023 rankings, Latvia held the 30th position in renewable energy generation. Luxembourg surpassed Latvia with a total output of 1.05 terawatt-hours. At the top of the rankings, the United Kingdom, Spain, and France occupied the second, third, and fourth spots, respectively.
