The energy supply from renewables and biofuels in Turkey has witnessed significant growth over the last decade. In 2023, it stood at 1,170.9 thousand terajoules, reflecting a year-on-year increase of 5.64%. Over the last two years, the energy supply saw an average annual growth rate (CAGR) of 7.91%. Notably, between 2018 and 2023, the CAGR was 7.91%, indicating strong and consistent growth in this period. From 2024 onwards, forecasted data suggest a CAGR of 3.64% through 2028, denoting a moderation in the growth rate compared to the past decade.
Future trends to watch for:
- Continued policy support for renewables and biofuels.
- Technological advancements and their impact on efficiency and capacity.
- Economic factors influencing investment in renewable energy infrastructure.
- Global and regional cooperation in renewable energy projects.
- Potential challenges from fossil fuel interests and market dynamics.
