In 2023, the geothermal power gross available energy in Turkey stood at 12.53 million tonnes of oil equivalent. The forecasted data from 2024 to 2028 show a consistent year-on-year increase in geothermal energy output: a 4.29% increase in 2024, 4.28% in 2025, 3.96% in 2026, 3.67% in 2027, and 3.47% in 2028. Over the last two years, the average yearly growth, or CAGR, is projected to be 4.02%.
Future trends to watch:
• Investments in geothermal technology and infrastructure to sustain growth.
• Government policies and incentives aimed at renewable energy expansion.
• The impact of global energy price fluctuations on geothermal projects.
• Technological advancements improving efficiency and output in geothermal energy production.
