In 2023, Turkey's geothermal power energy supply stood at X Million Tonnes of Oil Equivalent (MTOE). The forecasted data indicate a consistent upward trend from 2024 to 2028, moving from 13.07 MTOE in 2024 to 15.2 MTOE in 2028. Year-on-year variations show a steady increase, with the largest annual growth anticipated between 2027 and 2028 at approximately 3.48%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is projected to be around 3.87%, signifying a robust and sustainable growth trajectory for geothermal power energy supply in Turkey.
Future trends to watch for include:
- Technological advancements in geothermal energy extraction and efficiency. - Government policies and incentives aimed at promoting renewable energy sources. - Foreign investments and partnerships in renewable energy projects. - Influence of global energy market fluctuations and local economic conditions.
