In 2023, Italy led the geothermal power energy supply in Europe with a significant share, followed by Iceland, although Iceland experienced a substantial decline of 43%. Germany's output increased notably by 8.72%, reflecting a growing commitment to geothermal energy. The Netherlands showed high growth with a 15.04% increase. Croatia also marked a remarkable rise of 41.31%, indicating emerging potential. Conversely, Slovakia and Macedonia registered declines of 3.69% and 3.73%, respectively, signifying varied regional dynamics. Smaller increases across countries like France, Hungary, and Poland suggest moderate to rising interest in geothermal energy adoption.
Future trends to watch:
- The impact of governmental policies and incentives on geothermal energy development.
- Technological advances leading to more efficient energy extraction and utilization.
- Potential for new countries to enter the geothermal market and expand Europe's geographical energy diversification.
- Progress in geothermal projects aimed at replacing fossil fuels and meeting sustainability goals.
Top countries in Geothermal Power Energy Supply 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 |
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