Key Market Indicators
French geothermal energy consumption is projected to hit approximately 24,800 terajoules by 2028, up from about 21,200 terajoules in 2023. This represents an average annual growth rate of 2.5%. Over the years, since 1995, French demand for geothermal energy has seen a consistent year-on-year increase of 3%. In the rankings for 2023, France held the third position, with Iceland leading at around 21,200 terajoules. The top three spots were occupied by Iceland, France, and Germany respectively. In terms of geothermal energy generation, France is expected to produce around 6,900 gigawatt-hours by 2028, up from approximately 5,900 gigawatt-hours in 2023. This also reflects a 2.5% compound annual growth rate (CAGR). Since 1995, French geothermal energy supply has similarly grown by 3% annually. In the 2023 rankings for geothermal energy generation, France again ranked third, with Iceland at the forefront with about 5,900 gigawatt-hours. Iceland, France, and Germany held the top three positions in this category as well.
