In 2023, Italy led European geothermal electricity production with 531.28 thousand tonnes of oil equivalent, followed by Iceland at 513.05. Germany, Portugal, and France showed modest outputs. Notably, Croatia exhibited a remarkable year-on-year growth of 119.42%, signaling its expanding geothermal sector. Germany's production increased by 10.41% and Hungary by 20.21%, indicating positive development. Conversely, Iceland and Austria experienced declines, with Iceland decreasing by 0.14% and Austria by 3.04%. The Compound Annual Growth Rate (CAGR) over the last five years shows diverse regional dynamics.
Future trends to watch include advancements in drilling technologies and investments in European geothermal projects. National policies focusing on renewable energy goals could stimulate growth. Expanding Croatia's budding geothermal sector and potential in other countries will be key growth areas. As climate policies tighten, geothermal energy could play an increasingly important role in Europe's renewable energy mix.
Top countries in Gross Electricity Production from Geothermal Power by Country
| # | 8 Countries | Thousand Tonnes Of Oil Equivalent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 531.28 | 2023 | +0.8% | +0.24% | View data |
| 2 | 2 Iceland | 513.05 | 2023 | +0.027% | -0.14% | View data |
| 3 | 3 Germany | 25.11 | 2023 | +7.46% | +10.41% | View data |
| 4 | 4 Portugal | 21.6 | 2023 | +2.46% | +1.74% | View data |
| 5 | 5 France | 12.39 | 2023 | +1.97% | +2.56% | View data |
| 6 | 6 Croatia | 8.75 | 2023 | +2.69% | +119.42% | View data |
| 7 | 7 Hungary | 2.59 | 2023 | +14.34% | +20.21% | View data |
| 8 | 8 Austria | 0.018 | 2023 | +12.5% | -3.04% | View data |
