Turkey's primary solid biofuels gross electricity production has shown a rapid rise from 2013 to 2023. Starting from 2.99 thousand tonnes of oil equivalent in 2013, it stood at 284.27 thousand tonnes of oil equivalent in 2023, marking significant growth. This increase has been particularly pronounced since 2016, where year-on-year variations spiked, seeing the highest growth rates between 2017 and 2020. The annual compound growth rate (CAGR) experienced an impressive high averaging 47.45% over the last 5 years up to 2023.
Key Variations:
- 2013: +5.77%
- 2014: -1.61%
- 2015: -8.4%
- 2016: +136.84%
- 2017: +322.04%
- 2018: +51.53%
- 2019: +82.94%
- 2020: +54.65%
- 2021: +51.24%
- 2022: +30.9%
- 2023: +24.43%
The forecast from 2024 to 2028 predicts a steadier but substantial increase with a 5-year CAGR of 10.47%, translating to a cumulative growth of 64.55% by 2028. Key trends include the adoption of more biofuel technology, supportive governmental policies, and increasing investment in green energy infrastructure.