Turkey's solid biofuels electricity production capacities have shown remarkable growth from 2013 to 2023, escalating from 10 MW to 798.7 MW. The initial years from 2013 to 2015 exhibited modest increases, followed by a significant surge from 2016 onwards, marked by a 358.33% increase in 2016. The average variation per year over the last five years (CAGR) stands at 44.01%, reflecting vigorous growth, although the year-on-year growth rate has been gradually tapering since 2021, landing at 24.04% in 2023.
The forecast highlights continued expansion with production capacities expected to reach 1560 MW by 2028, holding a five-year CAGR of 10.38% and a cumulative growth rate of 63.87%. This indicates sustained but moderated growth compared to the previous decade.
Future trends to watch for include technological advancements in biofuel processing, regulatory shifts favoring renewable energy, and potential government incentives to bolster clean energy infrastructure, all of which could further influence Turkey's solid biofuels electricity capacity trajectory.
