Geothermal power production in Germany is projected to rise consistently from 5.66 thousand gigawatt-hours in 2024 to 6.99 thousand gigawatt-hours in 2028. The year-on-year growth rates for these forecasted years are 6.01% for 2024-2025, 5.50% for 2025-2026, 5.21% for 2026-2027, and 4.96% for 2027-2028. Observing the period from 2023 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be around 5.17%.
Future trends to watch for:
- Technological advancements that increase geothermal efficiency and lower costs.
- Policy changes and incentives that promote renewable energy in Germany.
- Investment in new geothermal projects and infrastructure.
- Competition from other renewable sources like wind and solar.
