As of 2023, geothermal and biomass energy consumption in China was recorded at 199.20 Terawatt-hours. The forecasted data for 2024 indicates a consumption of 217.61 Terawatt-hours, showing a year-on-year increase of approximately 9.25%. This growth trend continues, with 2025 expected to see an 8.61% increase to 236.31 Terawatt-hours, 2026 showing a leap of 7.86% to 254.91 Terawatt-hours, 2027 anticipating a rise of 7.27% to 273.42 Terawatt-hours, and 2028 projected at 291.84 Terawatt-hours, up by 6.75%. The compound annual growth rate (CAGR) across this five-year span stands at around 8%.
Future trends to watch for:
- Technological advancements and policy support in renewable energy.
- Investment in infrastructure to support geothermal and biomass capabilities.
- Growth in domestic demand spurred by environmental sustainability goals.
