With a power score of 2.01, Georgia ranks number 52 among Emerging markets and number 18 in the Asia-Pacific region.
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Georgia has a power score of 2.01, which puts it at rank 52 in the Emerging Markets power ranking. The power score of Georgia 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.
Georgia implements policies in 5/8 categories tracked by Climatescope; Renewable energy target, Feed-in tariff/premium (utility-scale), Support for customer-sited generation (rooftop and self-consumption), REC'S - Renewable Energy Certificates, and Priority generation dispatch
The average electricity price in Georgia has decreased from ~$109/MWh in 2023 to ~$99/MWh in 2024. Since 2019, the average electricity price in Georgia has fluctuated between ~$65/MWh in 2020 and ~$109/MWh in 2023.
The top amount of capacity installed in Georgia in 2024 was in Hydro at 3.51GW, up from 3.36GW in 2023.
The technology with the largest share of electricity generated in Georgia in 2024 was Hydro at 11.34TWh, up from 10.86TWh in 2023.
Investment in clean energy in Georgia was around $342.38M in 2024. This amounts to an increase of around 10090% from $3.36M in 2023.
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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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