In 2023, Italy and Iceland led European geothermal power production, measured in million tonnes of oil equivalent, with Italy declining slightly by 5.4% and Iceland by 43%. France and Germany saw significant growth, increasing by 3.03% and 8.72%, respectively. Other countries, like the Netherlands and Croatia, exhibited notable increases at 15.04% and 41.31%. Conversely, nations such as Serbia and Denmark experienced the highest declines, at 17.39% and 8.65%, respectively. Over the past five years, growth trends indicate a varied landscape across Europe, suggesting emerging opportunities in less developed markets.
Future trends suggest potential development in smaller markets as countries pursue renewable energy goals. Italy's dominant position might see challenges from other rapidly expanding countries like Germany and the Netherlands, driven by technological advancements and supportive policy frameworks. Sustainability goals and technological breakthroughs will likely continue to shape the competitive landscape of geothermal energy production in Europe.
Top countries in Geothermal Power Production 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 | 160.43 | 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 |
