European Geothermal Power Available for Final Consumption by Country

In 2023, the Netherlands led the European geothermal power market with a substantial year-on-year growth of 14.98%, reaching 7.5 thousand terajoules available for final consumption. Iceland maintained its position with zero variation, standing at 5.71 thousand terajoules. Italy experienced a decline of -2.94%, resulting in 4.61 thousand terajoules. Germany showed modest growth at 2.91%, achieving 4.11 thousand terajoules. Other countries like Hungary, Bulgaria, Poland, Romania, Slovenia, Austria, and Greece exhibited small positive variations, whereas Croatia, Macedonia, Serbia, and Portugal experienced declines. The United Kingdom and Spain remained constant with no variations.

Looking ahead, potential areas of interest include:

• The Netherlands’ rapid expansion, which may set the pace for future growth and technological advancements in the sector.
• The steadiness of Iceland, indicating a mature and potentially saturated market.
• The varying performance across other European countries, suggesting differing policy impacts and investment levels that could influence future market dynamics.
• Emerging trends in environmental regulations, technological innovation, and investment incentives that may shape the geothermal power landscape over the next five years.