In 2023, geothermal power production in France stood at 5.88 Thousand Gigawatthours. As we move into 2024, forecasts suggest a rise to 6.08 Thousand Gigawatthours, representing a year-on-year increase of approximately 3.40%. This positive trend continues over the subsequent years with estimated increases to 6.29 Thousand Gigawatthours in 2025, 6.49 Thousand Gigawatthours in 2026, 6.69 Thousand Gigawatthours in 2027, and 6.89 Thousand Gigawatthours by 2028. The average annual growth rate (CAGR) over the five-year period from 2024 to 2028 is expected to be around 3.95%, indicating steady growth in geothermal power production.
Future trends to watch for:
- The development of new geothermal technologies and their impact on efficiency and production capacity.
- Government policies and incentives aimed at promoting renewable energy sources, including geothermal energy.
- Market dynamics and investment patterns in the renewable energy sector, specifically in geothermal energy projects.
- Potential shifts in energy demand and how geothermal power could adapt to these changes.
