In 2023, Germany's geothermal power gross heat production stood significantly lower than forecasted for the upcoming years. By 2028, projections indicate a steady increase to 73.77 thousand tonnes of oil equivalent. This forecast reveals consistent year-on-year growth, averaging approximately an 8% increase annually, signifying robust sector expansion. Over the five-year span from 2024 to 2028, the compound annual growth rate (CAGR) is expected to exhibit a resilient trend, underscoring geothermal's escalating role in Germany's renewable energy mix.
Future trends to watch for include:
- Technological advancements in geothermal extraction and efficiency.
- Policies supporting the transition to renewable energy.
- Investment in infrastructure to facilitate geothermal deployment.
