In 2024, Italy and Iceland lead in European geothermal power generation, with Italy slightly declining by 5.4% year-on-year in 2023, while Iceland saw a sharp decrease of 43%. France's production increased by 3.02%, and Germany experienced an 8.67% rise. The Netherlands showed significant growth at 14.98%. Smaller producers like Croatia and Hungary showed substantial growth at 41.23% and 2.78% respectively. Notably, Portugal, Slovakia, and Macedonia saw declines in production, while Serbia significantly dropped by 17.4%. Emerging markets such as Poland and Greece showed positive trends with increases of 4.84% and 3.65%, respectively.
Future trends to watch for in European geothermal power production include increasing investments in technology to enhance efficiency and capacity, particularly in underdeveloped markets. Germany and the Netherlands may continue to experience growth, driven by technological advancements and policy support. Observing shifts in regulatory frameworks and financial incentives at the EU level could further influence the trajectory of geothermal power production across the continent.
Top countries in Geothermal Power Production by Country
| # | 10 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 62,860 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 48,020 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 5,870 | 2023 | +3.69% | +3.02% | View data |
| 4 | 4 Germany | 5,320 | 2023 | +6.91% | +8.67% | View data |
| 5 | 5 Portugal | 2,280 | 2023 | +2.17% | -1.55% | View data |
| 6 | 6 Netherlands | 2,080 | 2023 | +8.4% | +14.98% | View data |
| 7 | 7 Hungary | 1,910 | 2023 | +2.51% | +2.78% | View data |
| 8 | 8 Croatia | 612.21 | 2023 | +2.56% | +41.23% | View data |
| 9 | 9 Romania | 498.27 | 2023 | +13.65% | +1.5% | View data |
| 10 | 10 Austria | 439.13 | 2023 | +2.83% | +0.049% | View data |
