In 2023, Iceland led European geothermal power gross heat production with a volume of 922.36 Thousand Tonnes Of Oil Equivalent (ktoe), experiencing a 3.31% year-on-year increase. France, the second-largest producer, reached 178.29 ktoe, and saw a 4.51% increase. Hungary and Germany followed, producing 73.64 and 54.07 ktoe respectively, with Germany showing significant growth at 11.17%. Italy generated 26.75 ktoe with a 5.0% rise, while Austria saw a slight decline of 0.5% to 13.36 ktoe. Romania, Slovakia, Belgium, Denmark, and Slovenia represented smaller shares, with notable variations including Denmark’s -8.66% decrease and Belgium’s 4.11% increase.
Future trends to watch for European geothermal power gross heat production include potential technological advancements and increased investments in geothermal capacity. Policies geared towards renewable energy adoption and climate change mitigation will play crucial roles in shaping the sector's growth. Significant growth areas are anticipated in Germany and France, driven by favorable regulatory frameworks and market incentives. Conversely, countries like Austria and Denmark may need to reconsider their strategies to maintain or boost production levels.
Top countries in Geothermal Power Gross Heat Production by Country
| # | 10 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Iceland | 922.36 | 2023 | +2.8% | +3.31% | View data |
| 2 | 2 France | 178.29 | 2023 | +2.8% | +4.51% | View data |
| 3 | 3 Hungary | 73.64 | 2023 | +2.11% | +3.71% | View data |
| 4 | 4 Germany | 54.07 | 2023 | +7.99% | +11.17% | View data |
| 5 | 5 Italy | 26.75 | 2023 | +2.78% | +5% | View data |
| 6 | 6 Austria | 13.36 | 2023 | +1.36% | -0.5% | View data |
| 7 | 7 Romania | 6.59 | 2023 | +2.79% | +2.35% | View data |
| 8 | 8 Slovakia | 3.41 | 2023 | +1.7% | -2.12% | View data |
| 9 | 9 Belgium | 1.53 | 2023 | 0% | +4.11% | View data |
| 10 | 10 Denmark | 0.84 | 2023 | +8.15% | -8.66% | View data |
