Forecast: Solar Energy Consumption in Turkey

Solar energy consumption in Turkey has seen significant growth from 2013 to 2023, starting from zero consumption in 2013 and reaching 0.17 Exajoules in 2023. The most significant annual growth occurred in 2016 with a 400% increase, followed by substantial growth rates in subsequent years. The annual growth rate has steadily decreased over the past two years, with a year-on-year increase of 13.42% in 2023. The five-year Compound Annual Growth Rate (CAGR) leading up to 2023 was 17.96%. Forecasts for 2024 onward show a predicted continuation of steady growth, with a five-year CAGR projected at 7.07% and an overall growth rate of 40.74% by 2028.

Future trends to watch for:

  • Government policies and incentives aimed at boosting renewable energy production.
  • Technological advancements that may reduce costs and increase the efficiency of solar energy systems.
  • Market demand for cleaner energy sources driven by climate change awareness.
  • Potential investments and foreign partnerships focused on expanding solar infrastructure.

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