Italy leads in European geothermal power production with 226.31 thousand terajoules, followed by Iceland with 172.89 thousand terajoules. Notable increases have been observed in Croatia (41.89%) and the Netherlands (14.98%). However, significant declines occurred in Iceland (-0.43%), Serbia (-17.5%), and Denmark (-8.75%). Germany and France registered solid growth rates of 8.67% and 3.02%, respectively.
Future trends to watch:
- Expansion in Germany and the Netherlands, driven by robust government policies and rising private investments.
- Potential declines in countries like Serbia and Macedonia due to geopolitical and economic challenges.
- Technological innovations and sustainability goals could boost investments in underperforming markets like the United Kingdom and Spain.
Top countries in Geothermal Power Production by Country
| # | 10 Countries | Terajoules | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 226,310 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 172,890 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 21,140 | 2023 | +3.7% | +3.02% | View data |
| 4 | 4 Germany | 19,150 | 2023 | +6.91% | +8.67% | View data |
| 5 | 5 Portugal | 8,330 | 2023 | +2.79% | -1.23% | View data |
| 6 | 6 Netherlands | 7,500 | 2023 | +8.4% | +14.98% | View data |
| 7 | 7 Hungary | 6,900 | 2023 | +2.62% | +2.82% | View data |
| 8 | 8 Croatia | 2,260 | 2023 | +3.67% | +41.89% | View data |
| 9 | 9 Romania | 1,800 | 2023 | +13.78% | +1.52% | View data |
| 10 | 10 Austria | 1,630 | 2023 | +2.83% | +0.049% | View data |
