In 2023, Italy led European geothermal power production with 47.88 terajoules, followed by Iceland at 36.58 terajoules. Italy saw a slight decrease of 5.4% in output, while Iceland experienced a significant drop of 43%. Germany and the Netherlands showed growth, with increases of 8.67% and 14.98%, respectively, indicating evolving opportunities. Conversely, Denmark and Serbia witnessed notable declines. Overall, Europe's geothermal landscape is diverse, with both advancements and setbacks in various countries, as France, Hungary, and Croatia experienced positive growth.
Future trends to watch include:
- Continued development in Germany and the Netherlands, suggesting growing investment in geothermal technology.
- Potential recovery and stabilization efforts in Iceland and Italy to maintain their leadership in geothermal energy production.
- Exploration of geothermal potential in other European countries to diversify their renewable energy portfolios.
- Technological advancements and policy support playing critical roles in scaling up production.
Top countries in Geothermal Power Production Share by Country (Terajoules)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 47.88 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 36.58 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 4.47 | 2023 | +3.7% | +3.02% | View data |
| 4 | 4 Germany | 4.05 | 2023 | +6.91% | +8.67% | View data |
| 5 | 5 Portugal | 1.76 | 2023 | +2.79% | -1.23% | View data |
| 6 | 6 Netherlands | 1.59 | 2023 | +8.4% | +14.98% | View data |
| 7 | 7 Hungary | 1.46 | 2023 | +2.62% | +2.82% | View data |
| 8 | 8 Croatia | 0.48 | 2023 | +3.67% | +41.89% | View data |
| 9 | 9 Romania | 0.38 | 2023 | +13.78% | +1.52% | View data |
| 10 | 10 Austria | 0.35 | 2023 | +2.83% | +0.049% | View data |
