Iceland and Italy are the leading European countries in geothermal power electricity production, with capacities standing at 795.1 MW and 790.96 MW respectively. Germany follows significantly behind with 52 MW, while other countries like Portugal (30.3 MW) and France (17.16 MW) have much smaller capacities. Growth rates over the past year display a wide range: Germany leads with an 8.24% increase, while Iceland and Italy show modest increases of 1.03% and 0.61%, respectively. Other countries exhibit minimal growth or stagnation, such as Hungary and Romania with no growth reported in 2023.
Looking forward, the European geothermal power sector is expected to focus on technological advancements and investment in emerging markets. Germany shows potential for continued growth given its high year-on-year increase, while established markets like Iceland and Italy may seek innovations to expand their capacities further. Additionally, Eastern European countries with underutilized geothermal resources could become new focal points for expansion.
Top countries in Geothermal Power Electricity Production Capacities by Country
| # | 9 Countries | Megawatts | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 795.1 | 2023 | +2.49% | +1.03% | View data |
| 2 | 2 Italy | 790.96 | 2023 | +0.99% | +0.61% | View data |
| 3 | 3 Germany | 52 | 2023 | +6.12% | +8.24% | View data |
| 4 | 4 Portugal | 30.3 | 2023 | +1.68% | +0.81% | View data |
| 5 | 5 France | 17.16 | 2023 | +2.82% | +1.22% | View data |
| 6 | 6 Croatia | 11 | 2023 | +10% | +1.92% | View data |
| 7 | 7 Hungary | 3 | 2023 | 0% | 0% | View data |
| 8 | 8 Austria | 0.94 | 2023 | +1.4% | +0.58% | View data |
| 9 | 9 Romania | 0.05 | 2023 | 0% | 0% | View data |
