In a remarkable turn of events, Georgia’s electricity export soared to new heights in May 2024, with a staggering increase of 16.5%. During this period, the country successfully sold a whopping $15 million worth of electricity. The surge in exports has significant implications for Georgia’s economy and energy sector.
Powering Up: Key Destinations
Turkey emerged as a pivotal player in this electrifying trade. The Turkish market absorbed a substantial share of Georgia’s electricity, accounting for an impressive $12.95 million. But that’s not all—Georgia’s power grid also extended its reach to two other countries:
- Armenia: The neighboring nation received a boost from Georgia’s energy surplus, importing electricity valued at $1.6 million.
- Azerbaijan: Even further afield, Azerbaijan benefited from the cross-border exchange, importing electricity worth $503 thousand.
Behind the Numbers
The surge in electricity exports reflects Georgia’s commitment to harnessing its energy potential. With a diverse energy mix that includes hydroelectric, thermal, and renewable sources, Georgia has positioned itself as a regional powerhouse. The strategic location at the crossroads of Europe and Asia further enhances its export capabilities.
A Bright Future
As Georgia continues to strengthen its energy infrastructure and foster international partnerships, the prospects for sustained growth in electricity exports remain promising. The recent surge is a testament to the country’s resilience and adaptability in a dynamic global energy landscape.
