In 2023, the Global Mean Feed-In Tariff (FIT) for Geothermal Energy varied significantly by country, with Japan having the highest value at $0.36 per kWh and Estonia the lowest at $0.06 per kWh. Year-on-year variations in 2023 indicated that Japan saw an increase of 3.6%, Germany 1.2%, Hungary 3.99%, and Indonesia 3.31%. Conversely, Austria and Estonia experienced declines of 0.75% and 1.22%, respectively. Analyzing the five-year period shows an average annual growth rate (CAGR) for these tariffs but highlights considerable differences in national policy impacts and market conditions.
Looking ahead, the forecasted trends suggest varying degrees of stability and growth for the Global Mean Feed-In Tariff for Geothermal Energy by Country. Key factors to watch include government policies on renewable energy incentives, technological advancements in geothermal energy extraction, and evolving energy market dynamics. These elements will significantly influence future tariff rates across different regions.
Top countries in Mean Feed-In Tariff for Geothermal Energy by Country
| # | 6 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 0.36 | 2023 | +3.45% | +3.6% | View data |
| 2 | 2 Germany | 0.32 | 2023 | +2.08% | +1.2% | View data |
| 3 | 3 Hungary | 0.14 | 2023 | +5.61% | +3.99% | View data |
| 4 | 4 Indonesia | 0.11 | 2023 | +3.35% | +3.31% | View data |
| 5 | 5 Austria | 0.083 | 2023 | +0.17% | -0.75% | View data |
| 6 | 6 Estonia | 0.06 | 2023 | -0.46% | -1.22% | View data |