The data indicates a consistent growth in Turkey’s energy supply from renewables and biofuels, from 13.06 million tonnes of oil equivalent in 2013 to a forecasted 35.14 in 2028. Year-on-year growth rates vary, with significant increases in 2015 (29.88%) and 2019 (22.1%). The Compound Annual Growth Rate (CAGR) over the last five years (2019-2023) shows a moderate fluctuation, averaging around 7.89%. The forecast from 2023 to 2028 predicts a slowdown, with a 5-year CAGR of 3.62% and a total growth rate of 19.47%.
Looking ahead, the slowdown in growth rate suggests a maturing market or potential saturation. However, advancements in technology, policy changes, and shifts in global energy markets could influence future trends, warranting close monitoring.
