Turkey's renewable power generation has been on a robust growth trajectory from 2013 to 2023, reporting an increase from 9.81 Terawatt-hours to 68.32 Terawatt-hours. This translates to a year-on-year growth of 9.87% in 2023. Over the last five years leading up to 2023, the compound annual growth rate (CAGR) was 12.55%, reflecting a strong upward trend despite a deceleration in growth rates.
From 2024 onwards, the forecast data indicates a continued increase in renewable power generation. With a forecasted CAGR of 5.78% over the next five years leading up to 2028, the slower growth rate suggests the market is maturing, but continues to expand at a healthy pace.
Future trends to watch for:
- Technological advancements in renewable energy
- Government policies promoting sustainable energy sources
- Investment in infrastructure to support renewable power generation
- Emergence of new renewable energy sources
- Integration of renewable energy into the national grid