Key Market Indicators
Greek geothermal generation is projected to reach approximately 132 gigawatt-hours by 2028, up from around 123 gigawatt-hours in 2023. This marks a compound annual growth rate (CAGR) of 1.1%. Since 1995, Greece's geothermal supply has increased by an average of 3.7% per year. In 2023, Greece ranked 14th globally in geothermal generation, with Slovenia surpassing it by producing the same amount, 123 gigawatt-hours. The top spots in this ranking were held by Iceland, France, and Germany, taking the second, third, and fourth positions, respectively. Greek geothermal energy consumption is expected to grow to nearly 494 terajoules by 2028, up from about 448 terajoules in 2023. This represents an average annual growth rate of 1.5%. Since 1995, Greece's geothermal demand has seen an average yearly increase of 3.9%. In 2023, Greece also placed 14th globally in geothermal energy consumption, with Slovenia again surpassing it with the same figure of 448 terajoules. Iceland, France, and Germany were the top three countries in this category.
