Forecast: Biogases Gross Electricity Production in Turkey

Turkey has seen substantial growth in biogas gross electricity production from 2013 to 2023, increasing from 843.87 GWh to 5850 GWh. Over recent years, the year-on-year variations illustrate a robust upwards trend, reflecting growing investments and advancements in renewable energy infrastructure. In 2023, the year-on-year growth was 18.38%. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) stood at 22.07%, indicating a robust and sustained growth trajectory.

Looking ahead, forecasted data for 2024 to 2028 suggests continued expansion though at a moderated pace. The anticipated CAGR over these forecasted years is 8.73%, with an overall growth rate of 51.98% by 2028. This points to a deceleration in growth, likely reflecting market maturation and stabilization. Future trends to watch for include technological innovations in biogas production, regulatory changes, and shifts in energy policy which could further influence growth patterns in this sector. Additionally, economic variables and investments in renewable energy infrastructure will play crucial roles in shaping the trajectory of biogases gross electricity production in Turkey.