
die Erzeugung
production
The process of manufacturing or producing goods, energy, or raw materials.
Die Erzeugung von Strom aus erneuerbaren Energien nimmt zu.
The production of electricity from renewable energy sources is increasing.
production / generation
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production
The process of manufacturing or producing goods, energy, or raw materials.
Die Erzeugung von Strom aus erneuerbaren Energien nimmt zu.
The production of electricity from renewable energy sources is increasing.

generation
The bringing forth or creation of something, often in an abstract sense, such as data, feelings, or works of art.
Die automatische Erzeugung von Berichten spart viel Zeit.
The automatic generation of reports saves a lot of time.
'Erzeugung' (production/generation) is the noun form of the verb 'erzeugen' (to produce/generate). If you know the verb, you can easily derive the meaning of the noun: it is the process or result of producing or generating.
Das Kraftwerk erzeugt Strom für die ganze Region.
The power plant generates electricity for the whole region.
To specify what is being produced or created, German almost always uses the preposition 'von' (of/from) followed by a noun in the dative.
Die Erzeugung von sauberem Trinkwasser ist eine globale Herausforderung.
The production of clean drinking water is a global challenge.
The word 'Erzeugung' (production/generation) is often used in technical, economic, or scientific contexts. It often sounds more formal and abstract than, for example, 'Herstellung' (manufacturing/production).
Der Bericht analysiert die Erzeugung und den Verbrauch von Energie in Deutschland.
The report analyzes the generation and consumption of energy in Germany.
In the context of production, 'Erzeugung' (production) is often combined with energy, raw materials, or agricultural products. Typical phrases are 'die Erzeugung von Strom' (the generation of electricity), 'die landwirtschaftliche Erzeugung' (agricultural production), or 'die industrielle Erzeugung' (industrial production).
Die landwirtschaftliche Erzeugung von Bioprodukten steigt.
The agricultural production of organic products is increasing.
production
Produktion and Erzeugung can both refer to bringing something into existence. Produktion is especially common for goods and organized manufacturing operations, while Erzeugung is often used for energy and raw materials. Choose Produktion for manufactured products and Erzeugung for generated energy or extracted raw materials.

Die Erzeugung von Strom aus Wind nimmt in der Region zu.
The generation of electricity from wind is increasing in the region.
Die Produktion von Fahrrädern wird im nächsten Monat erhöht.
Bicycle production will be increased next month.