Global geothermal power installed cost 2010-2023

Published by Lucía Fernández, Oct 9, 2024

Between 2010 and 2023, the average installed cost for geothermal energy worldwide ranged between roughly 3,000 and 6,100 U.S. dollars per kilowatt, peaking at 6,112 U.S. dollars per kilowatt in 2012. In 2023, the average installed cost of geothermal systems stood at 4,589 U.S. dollars per kilowatt.

Average installed cost for geothermal energy worldwide from 2010 to 2023 (in U.S. dollars per kilowatt)

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Release date

September 2024

Region

Worldwide

Survey time period

2010 to 2023

Special properties

Based on 2023 U.S. dollar values

Supplementary notes

The source did not provide the figure for 2011.

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