NEWS COMMENTARY

2019 saw the largest increase in geothermal capacity in the past two decades

Published:
February 12, 2020
Coverage:
Owning the Energy Transition More...
Activities:
Markets
by Benjamin Torda
Average importance

In 2019, countries around the globe installed 759 MW of geothermal power, topping 2014's total of 750 MW. These additions bring total geothermal capacity to 15.4 GW. Of the top geothermal countries, the U.S. (installed capacity of 3,676 MW, with 23 MW added in 2019), Indonesia (2,133 MW, with 185 MW added in 2019), and the Philippines (1,918 MW total) round out the top three spots, followed by Turkey, New Zealand, Mexico, Italy, Kenya (with the largest addition by any country of 193.3 MW in 2019), Iceland, and Japan finishing up the top 10. Geothermal has the potential to play a key role in power sector decarbonization, though clients should realize the sector requires new innovations to cut costs and expand into new geographies.

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