In 2023, Italy remained the leader in European geothermal power production with 47.91 thousand tonnes of oil equivalent (ktoe), despite a slight decline of 0.54% year-on-year. Iceland followed with 36.6 ktoe but experienced a significant drop of 43%. France and Germany produced 4.48 and 4.06 ktoe, respectively, with Germany showing an impressive 8.72% increase. The Netherlands also saw a major gain of 15.04%, whereas Croatia recorded the highest growth at 41.31%. Conversely, countries like Slovakia and Macedonia faced declines of 3.69% and 3.73%, respectively. Overall, most countries showed positive trends, contributing to a diversified geothermal landscape in Europe.
Future trends: Watch for investment and policy changes that could spur growth in underperforming countries. Technological advancements and cross-border collaborations may also play crucial roles in furthering geothermal energy production across Europe. Additionally, countries with minor contributions could see increased production due to the rising emphasis on sustainable energy solutions and EU-backed initiatives promoting renewable energy sources.
Top countries in Geothermal Power Production Share by Country (Thousand Tonnes Of Oil Equivalent)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.91 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 36.6 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 4.48 | 2023 | +3.78% | +3.03% | View data |
| 4 | 4 Germany | 4.06 | 2023 | +7.04% | +8.72% | View data |
| 5 | 5 Portugal | 1.73 | 2023 | +1.89% | -1.64% | View data |
| 6 | 6 Netherlands | 1.59 | 2023 | +8.56% | +15.04% | View data |
| 7 | 7 Hungary | 1.42 | 2023 | +1.25% | +2.27% | View data |
| 8 | 8 Croatia | 0.47 | 2023 | +2.71% | +41.31% | View data |
| 9 | 9 Romania | 0.38 | 2023 | +13.6% | +1.5% | View data |
| 10 | 10 Bulgaria | 0.34 | 2023 | +2.87% | +2.02% | View data |
