The production of renewables and biofuels in Turkey stood at 1.155 million terajoules in 2023. From 2024 to 2028, the forecasted production values are 1.2173, 1.2757, 1.3336, 1.3909, and 1.4476 million terajoules respectively. The year-on-year growth forecast for 2024 is 5.4%, for 2025 is 4.8%, for 2026 is 4.4%, for 2027 is 4.3%, and for 2028 is 4.1%. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) is expected to be approximately 4.6%.
Future trends to watch for include technological advancements in renewable energy production, changes in government policies promoting green energy, and potential fluctuations in global energy markets affecting supply and demand dynamics. Continued investment and innovation in renewable energy infrastructure will likely play a significant role in sustaining growth within the sector.
