Italy and Iceland lead Europe in geothermal energy with gross available energy shares of 47.9 GWh and 36.59 GWh, respectively, despite recent declines. France and Germany have shown positive year-on-year growth of 3.02% and 8.67% in 2023. Croatia exhibited significant growth at 42.36%, while the Netherlands saw a strong increase of 14.98%. Portugal experienced a slight decrease, whereas countries like Macedonia, Serbia, and Denmark faced notable declines. The United Kingdom's share is minimal but stable.
Future trends to watch include the potential for increased investment in emerging markets like Germany, the Netherlands, and Croatia, which have shown promising growth rates. Stability in larger markets like Italy and Iceland will be crucial, while transitioning smaller markets may present new opportunities for growth and technological advancements in geothermal energy.
Top countries in Geothermal Power Gross Available Energy Share by Country (Gigawatthours)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.9 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 36.59 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 4.48 | 2023 | +3.69% | +3.02% | View data |
| 4 | 4 Germany | 4.05 | 2023 | +6.91% | +8.67% | View data |
| 5 | 5 Portugal | 1.73 | 2023 | +2.6% | -1.38% | View data |
| 6 | 6 Netherlands | 1.59 | 2023 | +8.4% | +14.98% | View data |
| 7 | 7 Hungary | 1.46 | 2023 | +2.51% | +2.78% | View data |
| 8 | 8 Croatia | 0.47 | 2023 | +4.45% | +42.36% | View data |
| 9 | 9 Romania | 0.38 | 2023 | +13.36% | +1.4% | View data |
| 10 | 10 Austria | 0.35 | 2023 | +2.83% | +0.049% | View data |
