In 2023, Turkey's Solar Thermal Energy supply stood at 37.46 thousand terajoules. The forecasted data predicts a steady increase in supply from 2024 to 2028. Specifically, the year-on-year growth rate is expected to be 1.78% from 2024 to 2025, 1.75% from 2025 to 2026, 1.70% from 2026 to 2027, and 1.67% from 2027 to 2028. Over the five-year period from 2024 to 2028, the Compound Annual Growth Rate (CAGR) is projected to be approximately 1.72%.
Future trends to watch for include advancements in solar thermal technologies that could accelerate supply growth, potential regulatory changes impacting the renewable energy sector, and economic factors influencing energy investment in Turkey. Keeping an eye on these elements will be crucial for assessing the long-term viability and scalability of solar thermal energy in the country.
