In 2023, Germany's geothermal power available for final consumption stood at 4.11 thousand terajoules. From 2024 to 2028, the forecasted data show a steady annual increase of approximately 2.84% in geothermal energy consumption, culminating at 4.71 thousand terajoules in 2028. The compound annual growth rate (CAGR) forecasted is an impressive 2.84%, indicating consistent growth in geothermal power availability.
Future trends to watch for:
- Technological advancements and cost reductions could further enhance geothermal power's competitiveness.
- Germany's energy policies and regulations promoting renewable energy will significantly influence future growth.
- Potential expansion of geothermal projects in untapped regions to meet increasing energy demands.