In 2023, the length of Power Purchase Agreements (PPAs) for geothermal energy varied significantly by country. Germany and Indonesia demonstrated stability with PPAs averaging 21 years, a slight year-on-year increase of 0.98% and 3.13%, respectively. Hungary, Japan, and the Netherlands saw moderate growth, with their PPAs averaging 18 years and experiencing growth rates between 3.71% to 5.15%. Austria and Estonia had agreements of 14 and 13 years, with modest increases. Slovakia's agreements sharply decreased by 33.17%, reducing them to 2 years.
Future Geothermal PPA trends to watch include:
- The potential for longer PPAs in emerging markets as geothermal energy becomes more favorable.
- The impact of policy changes and technological advancements on agreement durations.
- Continued volatility in countries with unstable energy markets.
Top countries in Length of Power Purchase Agreement for Geothermal Energy by Country
| # | 8 Countries | Years | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 21 | 2023 | 0% | +0.98% | View data |
| 2 | 2 Indonesia | 21 | 2023 | +5% | +3.13% | View data |
| 3 | 3 Hungary | 18 | 2023 | +5.88% | +5.15% | View data |
| 4 | 4 Japan | 18 | 2023 | +5.88% | +3.71% | View data |
| 5 | 5 Netherlands | 18 | 2023 | +5.88% | +3.71% | View data |
| 6 | 6 Austria | 14 | 2023 | 0% | +1.49% | View data |
| 7 | 7 Estonia | 13 | 2023 | 0% | +1.61% | View data |
| 8 | 8 Slovakia | 2 | 2023 | -33.33% | -33.17% | View data |
