The forecast for geothermal power available for final consumption in Spain remains constant for the years 2024 to 2028 at 8.07 Terajoules per year. This stability suggests no anticipated year-on-year variations within this forecasted period. In 2023, the geothermal power available was also 8.07 Terajoules, indicating that there has been no growth in the sector over recent years. Consequently, the compound annual growth rate (CAGR) over the last five years also stands at 0%.
Future trends to watch for include:
- Technological advancements that could reduce costs and increase efficiency in geothermal power generation.
- Government policies and incentives that might bolster investment in renewable energy sources, including geothermal power.
- Market demand shifts toward more sustainable and renewable energy sources.