The geothermal power production in Austria for 2023 stood at 37.80 Thousand Tonnes Of Oil Equivalent. The forecasted data indicates a gradual increase over the next five years from 2024 to 2028, with values rising from 38.28 to 40.12 Thousand Tonnes Of Oil Equivalent. Year-on-year, the variations are projected to be:
- 2024: 1.27% increase
- 2025: 1.28% increase
- 2026: 1.19% increase
- 2027: 1.15% increase
- 2028: 1.11% increase
Over the last two years, the observed trend shows continuous growth, and the Compound Annual Growth Rate (CAGR) for the five-year period from 2024 to 2028 is approximately 1.20%.
Looking ahead, it is essential to monitor regulatory changes, technological advancements in geothermal energy extraction, and potential investments in infrastructure that could influence production capacity and sustainability. Additionally, market demand driven by energy policies and environmental concerns will be significant trends to watch.
