European geothermal market continues upward trend with much more potential
Despite steady growth of the geothermal market in Europe, greater recognition of its potential is needed for further geothermal deployment, so the newly released EGEC Geothermal Market Report.
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.
The EGEC Geothermal Market Report 2018 is being published today. This publication comes as the geothermal sector has continued its steady development. Core markets have continued carrying developments in geothermal electricity, large geothermal heating and cooling projects and deployment of small scale geothermal heating and cooling systems. Meanwhile, the use of geothermal energy has also expanded geographically with such milestones as the commissioning of Croatia’s first geothermal power plant during the year 2018.
The Market report will be presented in more details during a webinar that will take place on 2 July 2019 from 11:00 to 12:30.
Meanwhile, the shallow geothermal sector is displaying continuous growth, approaching the threshold of 2 million units installed, a figure which has been achieved thanks to continued interest in both historical markets and rapidly growing new markets.
The 2018 edition of the EGEC Geothermal Market Report comes at a crucial moment in Europe’s energy sector, in the wake of the adoption of the Clean Energy Package by the European Union, setting the policy, regulatory and financing framework for the 2020-2030 decade. This edition also comes as the assessment of policies in place to meet the targets of the 2020 European Climate and Energy framework can be assessed. By enlarge, the market dynamics of the geothermal sector underline a clear lack of a suitable framework in most European countries.
The full version of the EGEC Geothermal Market Report, complete with supporting data and tables, is available to EGEC members.