In 2023, Turkey's solar electricity production capacity stood at 9940 megawatts. Over the last two years, the capacity grew by 11.93% in 2023, following a 13.67% rise in 2022. Analyzing the five-year trend from 2018 to 2023, the Compound Annual Growth Rate (CAGR) was 14.46%, indicating solid growth. The forecast shows a promising 6.53% CAGR from 2024 to 2028, with the capacity expected to reach 15090 megawatts by 2028, reflecting a 37.23% increase over five years.

Future trends to watch for:

Improving solar technology and efficiency can drive down costs and boost adoption.
Government policies and incentives will significantly impact investment and growth in solar capacity.
Integration of solar power into the national grid and storage solutions will determine the stability and reliability of supply.
Global trends in renewable energy investments and market dynamics will influence local growth prospects.
Environmental concerns and sustainability initiatives can accelerate the transition towards solar energy.