Forecast: Renewable Energy Supply in Türkiye (Turkey)

The renewable energy supply in Türkiye (2023) stood at 15.16 units of Total Primary Energy Supply. Over the years, there has been a fluctuating trend in the year-on-year variations, ranging from a peak increase of 20.23% in 2019 to a decline of 10.98% in 2014. The compound annual growth rate (CAGR) over the last five years shows a moderate growth of 2.73%, indicating a period of stabilization in renewable energy supply. From 2024 onwards, the figures project a slight decline with a forecasted CAGR of -0.15% and an overall forecasted 5-year growth rate of -0.73%.

Future trends to watch for:

• The development and implementation of new renewable energy policies.
• Technological advancements that could drive efficiency in energy production.
• Investment levels in the renewable energy sector and potential public-private partnerships.
• Global market influences and Türkiye's trade alliances impacting energy imports and exports.