In 2023, Turkey’s geothermal power production stood at 526.12 thousand terajoules. The projected data shows a steady growth rate for the upcoming years. In 2024, the production is expected to rise to 551.55 thousand terajoules, representing a year-on-year increase of approximately 4.8%. Following this, the production is forecasted to continue its upward trend:
● 2025: 578.06 thousand terajoules, up by 4.8% from 2024.
● 2026: 604.3 thousand terajoules, a 4.5% increase from 2025.
● 2027: 630.28 thousand terajoules, growing by 4.3% from 2026.
● 2028: 656.0 thousand terajoules, marking a 4.1% rise from 2027.
From 2023 to 2028, the compound annual growth rate (CAGR) for Turkey's geothermal power production is forecasted to be around 4.5%.
Future trends to watch include advancements in geothermal energy technology, government policies and incentives promoting green energy, and potential international collaborations. Monitoring these factors will be essential for understanding the long-term growth prospects of geothermal power production in Turkey.
