The hydro power production in Turkey exhibited considerable fluctuations over the past years. In 2023, the production stood at 272.14 Thousand Terajoules. The year-on-year variation over the last two years showed a positive trend with a 29.36% increase from 2021 to 2022 and a 4.49% increase from 2022 to 2023.
Looking at the compound annual growth rate (CAGR) over the past five years, from 2018 to 2023, the production grew at an average rate of 4.75% per annum. Forecasted data from 2024 to 2028 suggest a moderate growth trend, with the hydro power production expected to reach 297.58 Thousand Terajoules by 2028, reflecting a five-year CAGR of 1.42% and a total growth rate of 7.3% over this period.
Future trends to watch for:
- The impact of environmental policies and regulations on hydro power development
- Potential advancements in hydroelectric technology and infrastructure improvements
- Effects of climate change on water availability and hydro power production
- Competitive dynamics with other renewable energy sources