In 2023, geothermal power gross available energy in Germany stood at 5.33 Thousand Gigawatthours. The forecast data from 2024 to 2028 shows a steady growth trend, starting from 5.66 in 2024 and reaching 6.99 by 2028. The year-on-year percentage increases are 6.0% in 2024, 5.7% in 2025, 5.5% in 2026, and approximately 5.0% in 2027. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is approximately 5.5%.
Future trends to watch for include:
- Technological advancements that could enhance energy conversion efficiency.
- Government policies promoting renewable energy adoption.
- Investment in infrastructure for better geothermal energy extraction.
- Potential competition from other renewable energy sources that may affect growth rates.