EGEC Geothermal Market Report 2016

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  • PUBLISHED: December 13, 2017

The EGEC Geothermal Market Report 2016 shows that over the last five years (2012-2016), the use of geothermal energy, particularly for heat, has slowly but steadily increased across Europe.

In Europe, there exist more than 100 geothermal power plants, with an installed capacity that amounted to around 2.5 GWe in 2016 (of which 1 GWe is in the EU), producing some 15 TWh of electrical power every year. It is believed that the installed capacity on the continent will grow to around 3 GWe in 2020, with this major increase linked to the rapid growth of the Turkish market.

District heating and cooling is a success story for geothermal in Europe, and it looks set to see rapid and dynamic expansion in coming years. Between 2012 and 2016, 51 new plants have entered into operation (all in the EU), which represents an average annual growth of 10%. The total installed capacity in Europe is now approximately 4.9 GWth with the main markets for future years being France, Netherlands, Germany, and Hungary.

The shallow geothermal market is the largest market by far. Yet the installation growth rate is declining; a capacity of more than 20 Gth was achieved at the end of 2015, distributed in over more than 1.7 million installations in Europe.

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The full version of the EGEC Geothermal Market Report, complete with supporting data and tables, is available to EGEC members.

 

The EGEC Geothermal Market Report 2017 will be available in May 2018

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