Forecast: Renewable Energy Supply in Turkey

The renewable energy supply in Turkey demonstrated significant fluctuation from 2013 to 2023, with a notable growth period from 2018 onwards. As of 2023, the renewable energy supply stood at 13.7 units of Total Primary Energy Supply. The year-on-year variation for the last two years shows a gradual increase, with a 0.75% rise in 2022 and a 1.48% rise in 2023. The Compound Annual Growth Rate (CAGR) over the past five years indicates a relatively modest average annual growth of 0.9%.

Forecasts from 2024 to 2028 suggest a steady growth in renewable energy supply, with a forecasted 5-year CAGR of 0.85% and an overall growth rate of 4.35% by 2028.

Future trends to watch for include:

• Technological advancements in renewable energy harvesting
• Government policies and subsidies for renewable energy projects
• Global energy market dynamics and their impact on local production
• Investment influx into renewable infrastructure