The mean feed-in tariff for small hydro energy in Türkiye experienced a stable period from 2013 to 2019, holding steady at $0.073. A slight downward trend began in 2020, with year-on-year variations of -1.94% through to -1.31% by 2023, reducing the value to $0.069 in 2023. Forecasts indicate a continued decline, with the value expected to reduce to $0.064 by 2028. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) is -1.18%, while the forecast CAGR for the next five years is -1.14%, reflecting a consistent but gentle decline.
Future trends to watch:
- Policy changes impacting renewable energy incentives
- Developments in small hydro technology and efficiency
- Competition with other renewable energy sources impacting tariff structures
- Environmental and economic factors influencing energy market dynamics
