| Study Period | 2019 - 2030 |
| Base Year For Estimation | 2024 |
| Forecast Data Period | 2025 - 2030 |
| Market Volume (2025) | 73.73 gigawatt |
| Market Volume (2030) | 90.56 gigawatt |
| CAGR | 4.20 % |
| Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Turkey Renewable Energy Market Analysis
The Turkey Renewable Energy Market size in terms of installed base is expected to grow from 73.73 gigawatt in 2025 to 90.56 gigawatt by 2030, at a CAGR of 4.20% during the forecast period (2025-2030).
- Over the medium term, the primary driver for the market includes supportive government initiatives to limit its dependence on fossil fuels and increase demand for cleaner energy.
- On the other hand, increasing penetration of alternative sources of power generation is expected to hinder market growth during the forecast period.
- Nevertheless, the vast potential of offshore wind energy is expected to create significant opportunities for wind farm operators and developers in the near future.
Turkey Renewable Energy Market Trends
Solar to be the Fastest Growing Segment
- In Türkiye, a surge in annual solar installations has been driven by a push for self-consumption-centric power plants, exceeding the nation's 2025 solar energy capacity targets.
- Data from Türkiye's Electricity Transmission Corporation (TEIAS) indicates that from February 2024 to February 2025, the country added 20,416 MW of solar capacity. Of this total, 18,409 MW was sourced from unlicensed plants, while licensed plants accounted for 2,008 MW.
- As of February 2025, solar energy made up 17.5% of Türkiye's overall power capacity and about 30% of its renewable energy mix. The Turkish government's proactive approach, highlighted by a range of policies, incentives, and substantial investments in both commercial and utility-scale solar plants, has been instrumental in amplifying the nation's solar capacity.
- As reported by the International Renewable Energy Agency (IRENA), Turkey's solar energy capacity reached a record 11.7 gigawatts in 2023, marking a 20% increase from the prior year.
- Moreover, with the announcement of several large-scale solar projects, the solar energy sector is set for further expansion. For example, in February 2025, Türkiye approved contracts for solar power plants with a combined capacity of 800 megawatts (MW), attracting an estimated investment of USD 500 million.
- Additionally, the Ministry of Energy and Natural Resources (MENR) has introduced the Renewable Energy 2035 Roadmap, aiming for at least 2 GW in annual renewable energy tenders, with a pronounced focus on solar energy.
- A notable highlight of this roadmap is the emphasis on floating solar power projects on large state-owned dams. With an estimated floating solar potential of 53 GW, these projects not only aim to enhance renewable energy capacity but also seek to maximize water surface utilization and reduce evaporation losses.
- Considering the robust financial support for solar initiatives, favorable policies, rising electricity demand, and ambitious decarbonization targets, Türkiye's solar renewable market is set for substantial growth in the coming years.
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Growing Energy Demand and Diversification Efforts to Drive the Market
- Turkey's energy consumption is climbing, driven by economic expansion and a growing population. Data from Turkish national statistics indicate that in 2023, Turkey's electricity consumption reached 289.37 TWh, a 1% increase from 286.57 TWh in 2022. This escalating energy demand is bolstering Turkey's renewable energy market, establishing it as a sustainable and economical alternative to fossil fuels.
- Moreover, Turkey is emphasizing diversification, particularly by curbing its dependence on imported fossil fuels to enhance energy security. With the government championing renewable energy policies, investors now view these sources as more secure and sustainable long-term bets than conventional fossil fuels like coal and natural gas. This shift has spurred a wave of investments, especially in solar PV and wind projects, leading to significant growth in Turkey's renewable energy sector and a boost in domestic demand.
- In the wind energy domain, new installations are gaining momentum. A November 2024 study by the International Finance Corporation (IFC) highlighted Turkey's potential to tap into 27 GW of offshore wind energy by 2050. One scenario predicts an ambitious target of the full 27 GW by 2050, while a more cautious outlook estimates a 16 GW capacity by the same deadline.
- In February 2025, Turkey marked a milestone in its renewable energy journey, finalizing five tenders that collectively earmarked 1.2 GW for wind energy projects, with anticipated investments of USD 1.2 billion. The Turkish Wind Energy Association (TWEA) forecasts an additional 1 GW to be added to the country's wind energy capacity this year.
- Turkey's diversification of energy sources aims to satisfy its growing domestic demand and lessen import reliance. This transition is hastening the advancement of renewable energy projects. As a result, the increasing embrace of renewable energy is set to elevate Turkey's renewable energy market in the years ahead.
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Turkey Renewable Energy Industry Overview
Turkish renewable energy market is semi-consolidated. Some of the key players in the market (not in any particular order) include Limak Yenilenebilir Enerji A.Ş., Statkraft Enerji A.Ş, Sanko Energy Group, Polat Enerji Yatirimlari A.ş, and İÇ İçtaş Energy Investment Holding.
Turkey Renewable Energy Market Leaders
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Limak Yenilenebilir Enerji A.Ş.
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Statkraft Enerji A.Ş
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Sanko Energy Group
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Polat Enerji Yatirimlari A.ş
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İÇ İçtaş Energy Investment Holding
- *Disclaimer: Major Players sorted in no particular order
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Turkey Renewable Energy Market News
- February 2025: In February 2025, Turkey's Ministry of Energy and Natural Resources allocated 800 MW of solar PV capacity in its YEKA GES-2024 tender. The selected projects, with capacities ranging from 40 MW to 385 MW and an average installation cost of USD 126,000/MW, will sell power to the Turkish grid at a rate of USD 3.25/kWh over 20 years. The winning developers are Çumra Güneş Enerjisi Üretim (40 MW), Erdem Soft Tekstil (40 MW), Chen Güneş Enerjisi (60 MW), Özerka Enerji Elektrik Üretim (75 MW), Temmuz Güneş Enerji Üretim (200 MW), and Elektrik Üretim (385 MW).
- January 2025: In January 2025, Turkey wrapped up a wind tender auction, granting 1,200 MW of capacity to five projects spanning three provinces. This initiative is poised to draw an investment of USD 1.2 billion (EUR 1.15bn) into the nation. The allocations were made during the Renewable Energy Resource Area (YEKA) RES-2024 Competition, orchestrated by the Ministry of Energy and Natural Resources. The auction witnessed robust enthusiasm, being oversubscribed by 18 times, with 100 applications coming from 40 different entities.
Turkey Renewable Energy Industry Segmentation
Renewable energy comes from natural resources that replenish quickly. Unlike fossil fuels, renewable sources are deemed sustainable and have a significantly lower environmental impact.
Turkey renewable market is segmented into type and application. By type, the market is segmented into wind, solar, bioenergy and other types. By Application, the market is segmented into commercial & industrial, residential and utility scale. The report offers the market size and forecasts for the market in intalled capacity (GW) for all the above segments.
| Type | Wind |
| Solar | |
| Bioenergy | |
| Other Types | |
| Application | Commercial & Industrial |
| Residential | |
| Utility Scale |
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Turkey Renewable Energy Market Research FAQs
How big is the Turkey Renewable Energy Market?
The Turkey Renewable Energy Market size is expected to reach 73.73 gigawatt in 2025 and grow at a CAGR of 4.20% to reach 90.56 gigawatt by 2030.
What is the current Turkey Renewable Energy Market size?
In 2025, the Turkey Renewable Energy Market size is expected to reach 73.73 gigawatt.
Who are the key players in Turkey Renewable Energy Market?
Limak Yenilenebilir Enerji A.Ş., Statkraft Enerji A.Ş, Sanko Energy Group, Polat Enerji Yatirimlari A.ş and İÇ İçtaş Energy Investment Holding are the major companies operating in the Turkey Renewable Energy Market.
What years does this Turkey Renewable Energy Market cover, and what was the market size in 2024?
In 2024, the Turkey Renewable Energy Market size was estimated at 70.63 gigawatt. The report covers the Turkey Renewable Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Turkey Renewable Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.
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Turkey Renewable Energy Industry Report
Statistics for the 2025 Turkey Renewable Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Turkey Renewable Energy analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.
