Global breakdown of geothermal LCOE 2023, by component

Published by Lucía Fernández, Jan 24, 2025

Power plant construction is the highest contributor to the levelized cost of electricity (LCOE) for geothermal power worldwide, accounting for roughly 35 percent. Other substantial components include drilling, steamfield development, operations, and maintenance. In 2023, the global average LCOE of geothermal energy was 0.07 U.S. dollars per kilowatt hour. 

Levelized cost of electricity (LCOE) distribution for geothermal power worldwide in 2023, by component

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Release date

2024

Region

Worldwide

Survey time period

2023

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