The production of renewables and biofuels in Turkey has demonstrated a consistent upward trend from 2013 to 2023, with notable fluctuations. The production stood at 321.75 Thousand Gigawatthours in 2023. Early years saw significant year-on-year variations, such as a 30.64% increase in 2015 and a notable decline in 2014 by -5.87%. From 2019 onwards, growth rates stabilized, with a moderate year-on-year increase of 3.16% in 2020 and 0.23% in 2021, followed by an 8.74% rise in 2022.
Recent years exhibit steady growth; for instance, there was a 5.43% increase from 2022 to 2023. Over the last five years, the CAGR was approximately 7.67%, showing robust average growth. Forecasts from 2024 onward suggest a CAGR of 3.53%, indicating a more moderate but sustained growth, projecting a 18.92% increase by 2028 compared to 2023.
Future trends to watch for:
- Technological advancements in renewable energy sources.
- Government policies promoting green energy transition.
- Investment in infrastructure and grid modernization.
- Global energy market fluctuations and their impacts on biofuel production.
