Turkey Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Turkey Renewable Energy Market Companies and is Segmented by Type (Hydro, Wind, Solar, Geothermal, and Other Types).

Turkey Renewable Energy Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Turkey Renewable Energy Market Size

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Turkey Renewable Energy Market Outlook
Study Period 2020 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2020 - 2023
CAGR 4.90 %
Market Concentration Medium

Major Players

Turkey Renewable Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Turkey Renewable Energy Market with other markets in Energy & Power Industry

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Turkey Renewable Energy Market Analysis

The Turkey Renewable Energy Market is expected to register a CAGR of 4.9% during the forecast period.

  • The hydropower segment accounted for a significant market share in 2020, and it is likely to dominate the market during the forecast period.
  • In April 2021, the Offshore Wind Energy Association (DÜRED) officials stated that the total offshore wind power potential stood at 75 gigawatts (GW) in Turkey. Such a vast potential of offshore wind energy is expected to create significant opportunities for wind farm operators and developers in the near future.
  • The increasing demand for energy and supportive government policies are expected to drive the renewable energy market during the forecast period.

Turkey Renewable Energy Industry Overview

The Turkish renewable energy market is moderately fragmented. Some of the major players operating in the market include IC Ictas Energy Investment Holding, Statkraft AS, Poyry PLC, Sanko Energy Group, and JinkoSolar Holding Co. Ltd.

Turkey Renewable Energy Market Leaders

  1. IC Ictas Energy Investment Holding

  2. JinkoSolar Holding Co. Ltd.

  3. Poyry Plc

  4. Statkraft AS

  5. Sanko Energy Group

  6. *Disclaimer: Major Players sorted in no particular order
IC Ictas Energy Investment Holding, JinkoSolar Holding Co. Ltd., Poyry Plc, Statkraft AS, Sanko Energy Group
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Turkey Renewable Energy Market News

  • In July 2021, GE Renewable Energy commissioned the first phase of the Karapinar solar power plant, which has a direct current capacity of 267 MW. The project has an overall installed capacity of 1.08 GW. It is expected to generate 2300 Giga-watt hours (GWh) of electricity annually, enough to meet the power demands of nearly two million Turkish households.
  • In January 2021, France-based Albioma acquired a 75% stake in the Turkish geothermal power plant, Gumuskoy. The remaining 25% shareholding interest in the power plant in the Izmir region was acquired by the Turkish industrial services provider, Egesim.

Turkey Renewable Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Turkey Renewable Energy Mix, 2020
  • 4.3 Renewable Energy Installed Capacity and Forecast in GW, till 2027
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Drivers
    • 4.6.2 Restraints
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 Type
    • 5.1.1 Hydro
    • 5.1.2 Wind
    • 5.1.3 Solar
    • 5.1.4 Geothermal
    • 5.1.5 Other Types

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 IC Ictas Energy Investment Holding
    • 6.3.2 Statkraft AS
    • 6.3.3 Poyry PLC
    • 6.3.4 Sanko Energy Group
    • 6.3.5 Axpo Holding AG
    • 6.3.6 JinkoSolar Holding Co. Ltd
    • 6.3.7 STEAG Solar Energy Solutions
    • 6.3.8 Afyon Geothermal Investments AS
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Turkey Renewable Energy Industry Segmentation

The Turkey renewable energy market report includes:

Type Hydro
Wind
Solar
Geothermal
Other Types
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Turkey Renewable Energy Market Research FAQs

What is the current Turkey Renewable Energy Market size?

The Turkey Renewable Energy Market is projected to register a CAGR of 4.9% during the forecast period (2025-2030)

Who are the key players in Turkey Renewable Energy Market?

IC Ictas Energy Investment Holding, JinkoSolar Holding Co. Ltd., Poyry Plc, Statkraft AS and Sanko Energy Group are the major companies operating in the Turkey Renewable Energy Market.

What years does this Turkey Renewable Energy Market cover?

The report covers the Turkey Renewable Energy Market historical market size for years: 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.

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.