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European Geothermal Energy Council (EGEC) Geothermal Market Report 2016

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This report, released by the European Geothermal Energy Council (EGEC) shows that over the last five years (2012-2016), the use of geothermal energy, particularly for heat, has slowly but steadily increased across Europe. In the European continent, there exist more than 100 geothermal power plants, with an installed capacity that amounted to around 2.5 GWe in 2016 (of which 1 GWe in the European Union, the others being shared between Turkey and Iceland); a major increase is expected by 2020 (rapid growth of the Turkish capacity). District heating and cooling from geothermal should see rapid and dynamic expansion in the coming years; between 2012 and 2016, 51 new plants have entered into operation (all in the EU), which represents an average annual growth of 10%; the total installed capacity in Europe is now approximately 4.9 GWth with the main markets for future years being France, Netherlands, Germany, and Hungary. The shallow geothermal market is the largest market by far; even if the installation growth rate is declining, a capacity of more than 20 Gth was achieved at the end of 2015, distributed in over more than 1.7 million installations. In the editorial of the report, EGEC President states: "While the geothermal heat pump sector focuses more upon heating and cooling supply to buildings, its future competitiveness is still unknown as regards the refurbishment of existing buildings and new buildings, individual or collective buildings, heating, cooling and sanitary hot water. Moreover, the role of underground thermal energy storage must still be further highlighted to increase its market share."