The hydro power electricity production capacities in Turkey have demonstrated a consistent upward trend from 2013 through 2023, rising from 22.29 Thousand Megawatts in 2013 to 33.63 Thousand Megawatts in 2023. In 2023, this indicates a stable increase with a year-on-year variation of 3.2%. Over the past two years, Turkey's hydro power capacity grew steadily by 3.2% in 2023 and 3.47% in 2022. The compound annual growth rate (CAGR) over the last five years stands at 3.52%, revealing a moderated but continuous expansion.
Looking ahead from 2024 to 2028, hydro power capacities are forecasted to continue growing, reaching 38.68 Thousand Megawatts by 2028. The forecasted 5-year CAGR is 2.22%, translating to an overall growth rate of 11.61% over the period. This suggests a somewhat slower yet consistent growth trajectory for the sector.
Future Trends to Watch For:
- Turkey's commitment to renewable energy policies and additional investments in hydroelectric infrastructure.
- Potential technological advancements which may enhance the efficiency of hydroelectric plants.
- Possible environmental and regulatory impacts on future hydroelectric projects.
