Renewables Magazine
Summary
The European Geothermal Energy Council (EGEC) has released its latest Geothermal Market Report, which expects to see a significant upturn in business activity linked to geothermal energy projects throughout Europe, starting in 2025. The report was launched July10 with a live webinar and the publication of the Key Findings.
2024 saw the commissioning of three new geothermal power plants - one in Austria and two in Türkiye - adding a combined 40 MW of baseload electricity generating capacity. By the end of 2024, a total of 147 geothermal electricity plants were in operation across Europe, and plans for around 50 additional geothermal power plants are in various stages of development.
The geothermal district heating and cooling (DHC) sector experienced steady growth, with ten new systems launched: three in Poland, two in the UK, and one each in France, Greece, Romania, Spain, and the Netherlands. This brought the total number of operational GeoDHC systems in Europe to 412, with plans for around 500 additional GeoDHC projects under development.
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