In 2023, Italy's geothermal power production stood at 5.40 Million Tonnes of Oil Equivalent (Mtoe). The forecast data for the following five years indicates a steady increase in geothermal power production: 5.48 Mtoe in 2024, 5.56 Mtoe in 2025, 5.63 Mtoe in 2026, 5.70 Mtoe in 2027, and 5.78 Mtoe in 2028.
The year-on-year growth rates over the forecasted period show a consistent positive trend:
- 2024: 1.5%
- 2025: 1.5%
- 2026: 1.3%
- 2027: 1.2%
- 2028: 1.4%
Notably, the Compound Annual Growth Rate (CAGR) over the five-year forecast period from 2024 to 2028 is approximately 1.4% per year.
Looking ahead, trends to watch for include advancements in geothermal technology, government policy shifts towards renewable energy incentives, and potential geopolitical developments affecting energy markets. The sector's growth may further benefit from increased investments, research, and innovation aimed at enhancing geothermal energy efficiency and reducing costs.
