In 2023, Italy led the European geothermal power sector, contributing the largest share, followed by Iceland and France. While Italy saw a slight decline, Iceland experienced a significant decrease. France and Germany registered growth, with Germany showing an impressive year-on-year increase of 8.72%. The Netherlands recorded the highest growth rate, emphasizing its upward potential in this sector. Smaller markets like Croatia showed exceptional growth, while countries such as Serbia and Denmark faced notable declines. The overall CAGR for these markets indicates modest positive growth, reflecting progressive interest and developments in European geothermal energy.
Future trends to watch include technological advancements and policy developments in renewable energy as these will drive capacity expansion and efficiency improvements. The European Green Deal's objectives might propel investments and collaborations, especially in emerging geothermal markets like Germany and Eastern Europe.
Top countries in Geothermal Power Gross Available Energy by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5,410 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 4,130 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 505.39 | 2023 | +3.78% | +3.03% | View data |
| 4 | 4 Germany | 458.38 | 2023 | +7.04% | +8.72% | View data |
| 5 | 5 Portugal | 194.8 | 2023 | +1.89% | -1.64% | View data |
| 6 | 6 Netherlands | 179.5 | 2023 | +8.56% | +15.04% | View data |
| 7 | 7 Hungary | 160.42 | 2023 | +1.25% | +2.27% | View data |
| 8 | 8 Croatia | 52.78 | 2023 | +2.71% | +41.31% | View data |
| 9 | 9 Romania | 42.85 | 2023 | +13.6% | +1.5% | View data |
| 10 | 10 Bulgaria | 38.28 | 2023 | +2.87% | +2.02% | View data |
