In 2023, Italy and Iceland were the leading European countries in geothermal power production, with significant outputs of approximately 6.09 and 5.57 thousand gigawatthours, respectively. While Italy saw a marginal decline of 0.047%, Germany witnessed a substantial increase of 9.56%, positioning itself as an emerging geothermal energy player. Croatia experienced a remarkable growth of 116.3% in geothermal production, reflecting its growing investment in this renewables sector. Conversely, Iceland saw a decline of 1.52%, while Austria recorded a decrease of 2.37%. Over the past five years, the compound annual growth rate further illustrates diverse trends across these nations.
Future trends to monitor include the expansion of geothermal power capabilities in Eastern Europe, technical innovations lowering production costs, and the increasing role of policy and international agreements in driving geothermal adoption. Additionally, Germany and Croatia may continue to see significant growth as they expand their geothermal infrastructures.
Top countries in Geothermal Power Gross Electricity Production by Country
| # | 8 Countries | Gigawatthours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 6,090 | 2023 | +1.46% | -0.047% | View data |
| 2 | 2 Iceland | 5,570 | 2023 | -1.87% | -1.52% | View data |
| 3 | 3 Germany | 281 | 2023 | +6.84% | +9.56% | View data |
| 4 | 4 Portugal | 236.52 | 2023 | +2.05% | +0.52% | View data |
| 5 | 5 France | 100.73 | 2023 | -4.95% | -4.53% | View data |
| 6 | 6 Croatia | 94.7 | 2023 | +2.71% | +116.3% | View data |
| 7 | 7 Hungary | 27 | 2023 | +22.73% | +17.61% | View data |
| 8 | 8 Austria | 0.21 | 2023 | +17.78% | -2.37% | View data |
