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Geothermal energy and its key role for Europe – EGEC’s 7th Annual Geothermal Market Report

By District Energy posted 06-19-2018 00:00

  

Alexander Richter, Think Geoenergy

Installed geothermal capacity in Europe - power & heating 2017 (source: EGEC)

Summary

EGEC, the European Geothermal Energy Council, has published the seventh edition of its annual study evaluating the development of the geothermal sector in Europe. The EGEC Geothermal Market Report confirms the trend towards the steady growth observed in recent years, but also notes the need for greater recognition in order to enable the full deployment of geothermal energy in Europe.

Installed geothermal electricity capacity in Europe amounts to 2.8 GWe, producing over 15 TWh per year. In Europe there are 117 plants, 16 of which were inaugurated in 2017. The new additions are quite significant, with 330 MWe of new geothermal electricity capacity coming online, mainly in Turkey.

The use of geothermal for heating is also increasing, supported by the construction of new district heating networks and the retrofitting of old ones, thanks to local and national planning identifying geothermal heat as a cost-efficient solution to meet heating needs. In 2017, 9 new plants were inaugurated, adding over 75 MWth across France, the Netherlands and Italy. The number of new plants coming online each year is on an upward trend, with an average annual growth rate of 10% in recent years.

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