Key Market Indicators
Norwegian electricity generation is projected to reach approximately 156 terawatt-hours by 2028, up from about 151 terawatt-hours in 2023. This represents an average annual growth rate of 0.6%. Since 1990, Norway's electricity supply has grown at an average rate of 0.5% per year. In 2023, Norway ranked 29th globally in electricity generation, with Argentina slightly ahead at around 151 terawatt-hours. The leading countries in electricity generation for the same year were the United States, India, and Russia, occupying the second, third, and fourth positions respectively.
