Turkey's gross electricity production from geothermal power stood at 44.57 thousand terajoules in 2023. Looking forward, the forecasted values indicate a steady year-on-year growth in geothermal electricity production. The values for 2024 through 2028 are as follows: 46.97, 49.63, 52.25, 54.85, and 57.42 thousand terajoules, respectively. This shows annual growth percentages of 5.4% for 2024, 5.65% for 2025, 5.28% for 2026, 4.97% for 2027, and 4.68% for 2028. The compound annual growth rate (CAGR) over this five-year period averages about 5.18%.
Future trends to watch for include advancements in geothermal technology, potential government incentives for renewable energy, and increased private investments. Additionally, monitoring environmental policies and regulatory developments will be crucial for sustaining growth in Turkey's geothermal power sector.