Analysis of the forecasted data for Geothermal Power Gross Electricity Production in Italy from 2024 to 2028 shows a consistent upward trend. In 2023, the production stood at 516.0 Thousand Tonnes Of Oil Equivalent. Year-on-year growth appears to be modest, averaging around 0.63% from 2024 to 2025, 0.60% from 2025 to 2026, 0.57% from 2026 to 2027, and 0.55% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) for the period 2024 to 2028 is approximately 0.59%, indicating a stable but gradual increase in geothermal power production.
Future trends to watch for include:
- Technological advancements that could increase efficiency and output.
- Policy changes favoring renewable energy investments and subsidies.
- Market dynamics such as electricity demand and competitive renewable sources like solar and wind energy.
- Environmental considerations and regulatory compliance.