Power plant construction is the highest contributor to the levelized cost of electricity (LCOE) for geothermal power worldwide, accounting for roughly ** percent. Other substantial components include drilling, steamfield development, operations, and maintenance. In 2023, the global average LCOE of geothermal energy was **** U.S. dollars per kilowatt hour.Â
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IEA. (December 12, 2024). Levelized cost of electricity (LCOE) distribution for geothermal power worldwide in 2023, by component [Graph]. In ÌÇÐÄÆÆ½â°æ. Retrieved July 30, 2026, from /statistics/1552277/levelized-cost-of-electricity-geothermal-energy-by-component-worldwide/
IEA. "Levelized cost of electricity (LCOE) distribution for geothermal power worldwide in 2023, by component." Chart. December 12, 2024. ÌÇÐÄÆÆ½â°æ. Accessed July 30, 2026. /statistics/1552277/levelized-cost-of-electricity-geothermal-energy-by-component-worldwide/
IEA. (2024). Levelized cost of electricity (LCOE) distribution for geothermal power worldwide in 2023, by component. ÌÇÐÄÆÆ½â°æ. ÌÇÐÄÆÆ½â°æ Inc.. Accessed: July 30, 2026. /statistics/1552277/levelized-cost-of-electricity-geothermal-energy-by-component-worldwide/
IEA. "Levelized Cost of Electricity (Lcoe) Distribution for Geothermal Power Worldwide in 2023, by Component." ÌÇÐÄÆÆ½â°æ, ÌÇÐÄÆÆ½â°æ Inc., 12 Dec 2024, /statistics/1552277/levelized-cost-of-electricity-geothermal-energy-by-component-worldwide/
IEA, Levelized cost of electricity (LCOE) distribution for geothermal power worldwide in 2023, by component ÌÇÐÄÆÆ½â°æ, /statistics/1552277/levelized-cost-of-electricity-geothermal-energy-by-component-worldwide/ (last visited July 30, 2026)
Levelized cost of electricity (LCOE) distribution for geothermal power worldwide in 2023, by component [Graph], IEA, December 12, 2024. [Online]. Available: /statistics/1552277/levelized-cost-of-electricity-geothermal-energy-by-component-worldwide/