Between 2013 and 2023, Turkey's biogases electricity production capacity showed substantial growth, increasing from 162 MW in 2013 to 1480 MW in 2023. This represents a CAGR of approximately 27.46% over the decade. The annual growth rate peaked in 2020 with a 35.23% increase. The trend remained strong with a 19.78% increase in 2023. The last two years indicate a slight deceleration in capacity growth.
For the period from 2024 to 2028, the forecasted data suggest continued, albeit slower, growth in biogases electricity production capacities, reaching 2680 MW by 2028. The forecasted 5-year CAGR stands at 9.27%, indicating a modest growth rate compared to previous periods.
Future trends to watch for include:
- Potential stabilization in growth rates as the market matures.
- Technological advancements in biogas production efficiency.
- Policy changes and governmental incentives aimed at renewable energy sources.
- Environmental concerns pushing further investments in cleaner energy.
