From 2013 to 2023, Türkiye's renewable electricity production has demonstrated considerable fluctuations, peaking notably in 2019. The highest year-on-year growth of 52.99% occurred in 2015, while the lowest was in 2014 at -27.52%. The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.71%. In 2023, renewable electricity production was recorded at 36.67 units, reflecting a slight decrease of 0.16% from 2022. Forecasts from 2024 to 2028 suggest a marginal downward trend with a negative five-year CAGR of -0.09%.
Key future trends to watch for include:
- The potential impact of technological advancements in renewable energy on production efficiency.
- Government policies and investments aimed at boosting renewable energy infrastructure.
- Global energy market fluctuations and their influence on local renewable energy investment.
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