04 Jun The geothermal sector expects to triple the number of installations in Spain by 2025, to more than 20,000.
The geothermal sector expects to almost triple the number of existing installations in Spain in the next seven years, to exceed 20,000, according to data from the sector.
There are currently some 8,000 installations in the country, with the aim of surpassing these 20,000 by 2025, if the geothermal market continues to grow at the same rate. “In any case, it is only a matter of time before our country will witness the same’boom’ that occurred in other European countries and that this figure, based on current growth data, will increase exponentially”, said the head of Thermia in Spain and of the Girod Geothermal distribution and installation company, Miguel Madero.
In Spain, the first domestic geothermal installation was carried out 11 years ago in the Community of Madrid, 30 years behind the Nordic countries, where it is now the most widely used renewable energy source. With 2,000 installations, Madrid is the region with the highest growth in geothermal energy in the country, “with a growth of 100% each year“, said the head of Thermia.
Geothermal energy uses the inexhaustible accumulated energy due to the action of the sun on the surface of the earth that exists in the plots of houses, being transferred in the form of heat or cold. This technology requires a higher initial investment than other systems. Thus, the approximate cost of an installation is 100 euros per square metre, that is to say, in an individual house of 200 square metres the cost would be 20,000 euros.
However, it is not necessary to install solar panels or air conditioning equipment to obtain cold, heat, sanitary hot water and even to heat a swimming pool, and it can suppose a saving of up to 75% in the cost of air conditioning and with less maintenance. Thus, the extra cost for boilers, air conditioners and solar panels can be recovered in a period of 3 to 5 years.
Source: El Periódico de la Energía