In 2023, Turkey's geothermal power electricity production capacity stood at 1.79 thousand megawatts. Moving forward, the forecasted data shows a steady increase in geothermal capacity, reaching 2.02 thousand megawatts by 2028. This represents an incremental annual growth rate of approximately 2.7%.
Key year-on-year variations are as follows:
- 2024: 2.8% increase from 2023
- 2025: 2.7% increase from 2024
- 2026: 2.6% increase from 2025
- 2027: 2.1% increase from 2026
- 2028: 2.0% increase from 2027
The compound annual growth rate (CAGR) from 2023 to 2028 is 2.5%, reflecting consistent and modest growth in geothermal electricity production capacity.
Future trends to watch for include advancements in geothermal technology, government policy changes, and investment levels in renewable energy infrastructure. Enhanced drilling techniques and improved resource management could further boost capacity, while any regulatory shifts could either accelerate or hinder growth.
