Renewable energy sources are forecast to account for 66% of the total electricity generation capacity in Turkey by 2035, compared with 55% in 2023, according to GlobalData’s power capacity and generation database. GlobalData uses proprietary data and analytics to provide a complete picture of Turkey’s renewable energy market in its Turkey Power Market Outlook to 2035 report. Buy the report here.
Of all renewable energy sources, the share of solar PV power generation capacity is forecasted to change from 10% in 2023 to 28% in 2035.
The share of hydro power is expected to reach 14% in 2035, compared with a 12% share in 2023. Biopower is forecast to account for 3% shares of Turkey’s total electricity generation capacity, in 2035, as against 2% shares in 2023. The share of geothermal is expected to change from a 2% share in 2023 to a 2% share in 2035.
In terms of capacity additions, the total renewable energy capacity is expected to see 62181.26 MW of additions in Turkey during the forecast period while the non-renewable energy segment is likely to see 14071.8 MW of additions.
CAGR growth of key renewables in Turkey
Renewable generation capacity in Turkey is expected to reach 89GW in 2035 at a CAGR of 6% during 2023-2035.
Solar PV power is expected to record highest growth rate of 13.60% by 2035, followed by geothermal with 6%. Other renewable energy sources such as wind, biopower and hydro are estimated to have growth rates of 6%, 6%, and 0.01% respectively.
CCS plants in pipeline in Turkey
A total of two carbon capture and storage (CCS) plants are expected to be developed in Turkey by the end of 2035.
For more detailed analysis of the renewable energy market in Turkey, buy the report here.
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