In 2023, Germany led in European geothermal and biomass energy consumption at 0.58 Exajoules, despite a slight decrease of 0.28% from the previous year. Notable growth occurred in smaller markets, such as Belarus with a significant 24.57% rise, and Luxembourg at 14.87%. Larger economies like the UK and Italy experienced declines of -1.54% and -1.42%, respectively. The Netherlands saw a strong increase of 15.93%, indicating potential shifts toward renewable energy investment. Conversely, Cyprus and Macedonia faced steep declines, with consumption reductions of 100%, possibly reflecting shifts in energy policies or economic pressures.
Looking ahead, key trends to watch include: - Eastern European growth, as markets like Belarus and Ukraine display expansive energy policies. - The potential stabilization or rebound of larger markets, especially Germany and the UK, through technological investments. - The impact of policy changes driven by EU Green Deal ambitions, potentially favoring renewables in broader energy mixes. - Adoption rates and innovation in biosustainability driving overall consumption shifts.
Top countries in Geothermal and Biomass Energy Consumption by Country
| # | 10 Countries | Exajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 0.58 | 2023 | -0.35% | -0.28% | View data |
| 2 | 2 United Kingdom | 0.37 | 2023 | -8.6% | -1.54% | View data |
| 3 | 3 Italy | 0.26 | 2023 | -0.77% | -1.42% | View data |
| 4 | 4 Finland | 0.16 | 2023 | 0% | +1.7% | View data |
| 5 | 5 Sweden | 0.15 | 2023 | +0.65% | +2.37% | View data |
| 6 | 6 France | 0.12 | 2023 | +3.54% | +2.98% | View data |
| 7 | 7 Netherlands | 0.11 | 2023 | +1.83% | +15.93% | View data |
| 8 | 8 Denmark | 0.092 | 2023 | +6.98% | +6.23% | View data |
| 9 | 9 Poland | 0.081 | 2023 | -1.22% | +1.55% | View data |
| 10 | 10 Spain | 0.08 | 2023 | +2.56% | +2.42% | View data |
