With a power score of 2.12, Azerbaijan ranks number 42 among Emerging markets and number 16 in the Asia-Pacific region.
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Azerbaijan has a power score of 2.12, which puts it at rank 42 in the Emerging Markets power ranking. The power score of Azerbaijan is lower than the average of 2.17 in the Asia-Pacific region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Azerbaijan implements policies in 6/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, REC'S - Renewable Energy Certificates, and Priority generation dispatch
The average electricity price in Azerbaijan has decreased from $58.91/MWh in 2023 to $58.06/MWh in 2024. Since 2019, the average electricity price in Azerbaijan has fluctuated between $49.04/MWh in 2019 and $58.96/MWh in 2022.
The top amount of capacity installed in Azerbaijan in 2024 was in Natural gas at 6.62GW, up from 6.32GW in 2023.
The technology with the largest share of electricity generated in Azerbaijan in 2024 was Natural gas at 24.54TWh, down from 27.18TWh in 2023.
Investment in clean energy in Azerbaijan was around $1.59Bn in 2024.
Which segments of the power sector are open to private participation?
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This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
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