Georgia emerged as top buyer of Azerbaijani electricity in 2024

In 2024, Georgia was the largest recipient of Azerbaijani electricity, accounting for 64.9% of the total electricity exports from Azerbaijan, Report informs, citing the State Statistical Committee of Azerbaijan.

However, the volume of Azerbaijan's energy exports to Georgia in 2024 decreased by 1.8 times compared to 2023, totaling almost 1.138 billion kWh. The value of these exports also decreased by 2.1 times, amounting to over $58.306 million.

Overall, Azerbaijan's electricity exports exceeded 1.753 billion kWh in 2024, which is 2.5 times less than in 2023. The total value of these exports was just over $94.144 million, representing a 4.3-fold decrease year-on-year.

The main destinations for Azerbaijan's electricity exports were Georgia, Türkiye, Russia, and Iran.

In 2024, Azerbaijan exported approximately 420.2 million kWh of electricity to Türkiye, which is 5 times less than the previous year, with a value of $26.714 million, a 10.3-fold decrease.

Also, exports to Russia surpassed 158.564 million kWh, a 42% increase, valued at almost $8.09 million, which is 2.1 times more.

Exports to Iran were 36.417 million kWh, a 9.6% increase, valued at just under $1.035 million, also a 9.6% increase.