Installed geothermal energy capacity in Iceland

Iceland: Installed geothermal energy capacity was 787.58 megawatts in 2024. ▲ Rising

Latest (2024)
787.58 megawatts
Change on year
unchanged
World rank
8th
of 32 countries
All-time high
787.58 megawatts
in 2023
All-time low
172 megawatts
in 2000
Years of data
25
2000–2024

Installed geothermal energy capacity in Iceland, 2000–2024

2004006008002000201220242000: 172 megawatts2001: 202 megawatts2002: 202 megawatts2003: 202 megawatts2004: 202 megawatts2005: 232 megawatts2006: 422 megawatts2007: 485 megawatts2008: 575 megawatts2009: 575 megawatts2010: 575 megawatts2011: 665 megawatts2012: 665 megawatts2013: 665 megawatts2014: 665 megawatts2015: 665 megawatts2016: 665 megawatts2017: 710 megawatts2018: 755.6 megawatts2019: 755.6 megawatts2020: 756.2 megawatts2021: 756.2 megawatts2022: 757.6 megawatts2023: 787.6 megawatts2024: 787.6 megawatts

Source: IRENA (2025) – processed by Our World in Data. Measured in megawatts.

Analysis

Iceland recorded 787.58 megawatts for installed geothermal energy capacity in 2024. That is the highest value across all 25 years on record.

The figure is up 18.4% over ten years.

Over the whole period, installed geothermal energy capacity in Iceland peaked at 787.58 megawatts in 2023 and was at its lowest, 172 megawatts, in 2000.

Iceland ranks 8th of 32 countries on this measure, in the top quarter.

The long-run direction has been consistently rising across the 25 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 326.9 megawatts 172 megawatts 575 megawatts 10
2010s 678.61 megawatts 575 megawatts 755.56 megawatts 10
2020s 769.02 megawatts 756.16 megawatts 787.58 megawatts 5

Countries ranked near Iceland

  1. 5 New Zealand 1,275 megawatts compare
  2. 6 Mexico 998.5 megawatts compare
  3. 7 Kenya 939.73 megawatts compare
  4. 9 Italy 771.79 megawatts compare
  5. 10 Japan 489.05 megawatts compare
  6. 11 Costa Rica 262.66 megawatts compare

See the full ranking of 32 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is installed geothermal energy capacity in Iceland?
Installed geothermal energy capacity in Iceland was 787.58 megawatts in 2024, according to IRENA (2025) – processed by Our World in Data.
What is the highest installed geothermal energy capacity recorded in Iceland?
The highest recorded value was 787.58 megawatts in 2023.
What is the lowest installed geothermal energy capacity recorded in Iceland?
The lowest recorded value was 172 megawatts in 2000.
How does Iceland rank for installed geothermal energy capacity?
Iceland ranks 8th out of 32 countries with data for 2024.
Is installed geothermal energy capacity rising or falling in Iceland?
Over the last ten years it is up 18.4%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from IRENA (2025) – processed by Our World in Data, published as part of Installed geothermal energy capacity. Statizoid updates them automatically from the source API.

Download this data

CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (Our World in Data).

About this data

Indicator
Installed geothermal energy capacity
Unit
megawatts
Source
IRENA (2025) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
32 places, 660 data points, 2000–2024
Last refreshed

Total geothermal (on- and off-grid) electricity installed capacity, measured in megawatts.