In 2023, Italy led European geothermal power with 47.91 thousand tonnes of oil equivalent (ktoe), followed by Iceland at 36.6 ktoe. Germany and France showed notable growth, with year-on-year increases of 8.72% and 3.03%, respectively. Croatia saw a substantial rise at 41.31%. Conversely, Iceland experienced a significant decline of 43%. Other notable growth areas include the Netherlands at 15.04%, while Serbia and Denmark reported declines of 17.39% and 8.65%, respectively.
Future trends to watch include further growth in efficient geothermal technologies and increased investments in Germany and Croatia. However, countries like Iceland may need strategic plans to curb ongoing declines.
Top countries in Geothermal Power Gross Available Energy 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 |
