In 2023, Italy's geothermal power energy supply stood at 5.4 Million Tonnes Of Oil Equivalent. Forecast data suggests a gradual annual increase, with the supply expected to reach 5.78 Million Tonnes Of Oil Equivalent by 2028.
From 2024 to 2025, the supply is expected to increase by approximately 1.5%. Similarly, for 2025 to 2026, 2026 to 2027, and 2027 to 2028, growth rates are projected at around 1.3%, 1.2%, and 1.4% respectively. The five-year compounded annual growth rate (CAGR) indicates a steady growth rate of approximately 1.6% per annum from 2024 onwards.
Future trends to watch for include technological advancements in geothermal energy extraction, which may increase the efficiency and output of existing plants. Additionally, government policies and investments in renewable energy will be pivotal in determining the pace of growth in geothermal capacity.
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