Forecast: Renewable Energy Consumption in Turkiye

Renewable energy consumption in Turkiye has shown significant fluctuations over the past years. Starting in 2013 with a 5.91% year-on-year increase, it saw varied performance, dropping by 16.59% in 2014 and then rebounding with a 15.9% increase in 2015. This instability continued with minor annual gains and losses through to 2017. A noteworthy rise of 19.36% occurred in 2019; however, growth has stabilized more recently. By 2023, the consumption stood at 13.69 units, reflecting a 1.33% increase from the previous year and a 2.96% CAGR over the past five years.

Looking forward, the forecast suggests a steady rise with an expected CAGR of 0.84% over the next five years, culminating in a 4.26% total growth by 2028. This indicates modest but continued growth in renewable energy consumption.

Future trends to watch for include:

• Technological advancements in renewable energy sources
• Government policy and regulatory changes
• Investment in renewable infrastructure
• Market responses to global energy demands and climate change initiatives