In 2024, Italy remained the leader in geothermal energy supply in Europe, with a contribution of 5.41 million tonnes of oil equivalent (MTOE), despite a slight decline of 5.4% from 2023. Iceland followed with 4.13 MTOE, experiencing a significant 43% decrease. France and Germany showed positive growth with year-on-year increases of 3.03% and 8.72% respectively, reaching 0.50539 and 0.45838 MTOE. The Netherlands saw the highest percentage increase of 15.04%, reflecting strong investment and development. Other notable increases were observed in Croatia (41.31%) and Poland (4.86%). Conversely, Denmark, Slovakia, and Macedonia faced declines greater than 3%, indicating potential challenges in these markets.
Future trends to watch for in the European geothermal power sector include:
- Growth in emerging markets such as Croatia and the Netherlands, which showed substantial year-on-year increases.
- Stabilization or further growth in major markets like France and Germany, driven by continued investment in renewable energy.
- Potential recovery or further decline in markets that experienced significant drops, such as Iceland and Macedonia.
- Increasing technological advancements and investments in geothermal energy, which may drive higher efficiency and output in less mature markets.
Top countries in Geothermal Power Energy Supply by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 5,410 | 2023 | +1.43% | -0.054% | View data |
| 2 | 2 Iceland | 4,130 | 2023 | +1.51% | -0.43% | View data |
| 3 | 3 France | 505.39 | 2023 | +3.78% | +3.03% | View data |
| 4 | 4 Germany | 458.38 | 2023 | +7.04% | +8.72% | View data |
| 5 | 5 Portugal | 194.8 | 2023 | +1.89% | -1.64% | View data |
| 6 | 6 Netherlands | 179.5 | 2023 | +8.56% | +15.04% | View data |
| 7 | 7 Hungary | 160.43 | 2023 | +1.25% | +2.27% | View data |
| 8 | 8 Croatia | 52.78 | 2023 | +2.71% | +41.31% | View data |
| 9 | 9 Romania | 42.85 | 2023 | +13.6% | +1.5% | View data |
| 10 | 10 Bulgaria | 38.28 | 2023 | +2.87% | +2.02% | View data |
