In 2023, Germany's geothermal power gross available energy stood at 458.53 thousand tonnes of oil equivalent. From 2024 to 2028, forecasts indicate steady growth, with a consistent increase in energy capacity. The year-on-year growth rates are commendably stable: 6.11% for 2024, 6.12% for 2025, 5.72% for 2026, and 5.39% for 2027. Over the five-year period, the compound annual growth rate (CAGR) is projected at 5.94%, reflecting a robust expansion in Germany's geothermal energy capabilities.
Future trends to watch for include:
- Advancements in drilling and extraction technologies enhancing efficiency.
- Government policies promoting sustainable energy that potentially accelerate growth.
- Integration of geothermal energy into broader renewable energy portfolios facilitating stability and resilience in energy supply.
- Increasing public and private investments in geothermal projects that support further capacity expansions.