Some key figures and information on geothermal energy
Geothermal energy, a highly promising industry, is playing an increasing role in the global power market.
Geothermal energy offers a sustainable solution to growing demand for power in emerging countries and support in their energy transition.
- With generating capacity of 14 GW available worldwide in 2018 and growth of 350 MW a year, it is both an established and an emerging sector.
- There is significant potential for further growth, since 800 MW a year is expected over the next ten years (according to Capgemini for ADEME, the French Environment and Energy Management Agency, 2014).
- At the COP21 Paris climate conference, the Global Geothermal Alliance set itself the target of global capacity of 65 GW in 2030.
- The three most promising regions for this market are Asia, East Africa and Latin America as they have extensive resources and favourable investment conditions.
- Heating and cooling networks account for 10% of district heating in Europe.
- The success of this solution is driven by the desire to improve air quality in cities.
- Decentralised geothermal solutions are particularly popular for eco-neighbourhoods and sustainable buildings in northern Europe. There is significant potential for growth in this segment both in the rest of Europe and worldwide.