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Turkey Renewable Energy - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-07-01 I 95 Pages I Mordor Intelligence
Turkey Renewable Energy Market Analysis
The Turkey Renewable Energy Market size in terms of installed base is expected to grow from 73.74 gigawatt in 2025 to 90.57 gigawatt by 2030, at a CAGR of 4.76% during the forecast period (2025-2030).
This momentum follows record-fast installations that made Turkey Europe's fifth-largest renewables generator, with renewables already accounting for 56% of total installed capacity and an official goal of 64.7% by 2035. The uptrend is anchored in clear policy signals such as the Net Zero 2053 vision, the National Energy Plan that calls for 189.7 GW total power capacity, and the USD 100 billion investment envelope that those ambitions demand. Competitive YEKA auctions, accelerated hybrid plant build-outs, and early success in doubling solar capacity within 2.5 years foster strong developer confidence. Corporate demand adds another tailwind as exporters align with RE100 targets, catalyzing power-purchase agreements that shorten payback periods for onsite systems.
Turkey Renewable Energy Market Trends and Insights
YEKA auctions accelerating utility-scale solar buildout
The YEKA framework reshaped price discovery by awarding 1.2 GW of wind and 800 MW of solar in 2024 at tariffs below USD 0.06/kWh, well under fossil alternatives. Mandatory local-content rules spurred a USD 2.5 billion wave of solar-cell manufacturing commitments, deepening supply-chain roots. Grid-connection obligations reduce stranded capacity risk and have already delivered landmark sites such as the 250 MW Ayd?n YEKA-2 plant. As at least 2 GW of new auctions are scheduled annually until 2030, the Turkey renewable energy market can rely on a visible pipeline that smooths developer cash-flow planning. The mechanism also provides transparent land allocation, which keeps community opposition low and accelerates permitting.
Rapid deployment of hybrid wind-solar plants to optimize existing grid capacity
Hybrid configurations overtook stand-alone solar additions in 2024, lifting solar capacity above wind for the first time. Pairing assets at the same interconnection point cuts connection costs by up to 40% and increases asset-specific capacity factors, demonstrated by the Pazarkoy complex that added 31.2 MW of solar to an existing wind farm. Developers thereby sidestep transmission caps in congested Western Anatolia, raising the Turkey renewable energy market's asset productivity without waiting for new lines. International trackers and inverter suppliers such as PVH have secured contracts, signalling strong technology inflow. New licensing rules allow plant owners to oversize solar by 100 % relative to the original wind rating, promising another upside for hybrid economics.
Congested Western Anatolia transmission corridors limiting new feed-ins
The state grid operator TE?AS confirmed that major Western Anatolian hubs have little spare capacity, forcing developers either to accept queuing delays or to build in less optimal zones. The government earmarked USD 70 million for urgent reinforcement, yet new lines run on multi-year timelines that lag project pipelines. Wind projects in the Aegean corridor lose the highest-yield resource hours because curtailment kicks in on windy days, reducing realized capacity factors. Some sponsors shift to Central Anatolia, trading wind intensity for quicker grid access, which moderates Turkey's renewable energy market's overall growth pace. Battery storage pre-licensing of 25.6 GW aims to mitigate constraints, but commercial models need final regulatory clarity to scale.
Other drivers and restraints analyzed in the detailed report include:
Stranded gas import costs driving urgent diversification to domestic renewables / Emerging green-hydrogen export ambitions boosting wind-electrolyzer projects / Lira volatility inflating imported turbine & module CAPEX /
For complete list of drivers and restraints, kindly check the Table Of Contents.
Segment Analysis
Hydropower contributed 32.2 GW in 2024, representing 47% of Turkey's renewable energy market share, reflecting decades of river-basin development. Solar PV, however, exhibits the fastest trajectory with 9.2% CAGR to 2030 and has already lifted national solar stock to 18.7 GW, overtaking wind's 12.4 GW. Wind continues to hold strategic value as the country readies 5 GW of offshore opportunities by 2035, while geothermal ranks fourth worldwide at 1,717 MW, localized in Western Anatolia.
Annual renewables commissioning averaged 3.2 GW between 2019-2024 but is forecast to reach 7.5-8 GW, supported by falling solar LCOE to USD 0.044/kWh and wind to USD 0.033/kWh. Geothermal operators explore lithium extraction from brines, adding a revenue stream that underwrites further well drilling Smm.cn. Bioenergy remains the smallest slice yet shows promise through the first biogas-to-methanol facility under FEED review, widening Turkey's renewable energy industry circular-economy credentials. Integrated storage and hybridization mark a shift from single-technology projects toward grid-friendly portfolios that elevate the overall resilience of the Turkey renewable energy market.
The Turkey Renewable Energy Market Report is Segmented by Type (Hydropower, Solar PV, Wind, Geothermal, and Bioenergy) and Application (Utility-Scale, Commercial and Industrial, Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).
List of Companies Covered in this Report:
IC ictas Energy Investment Holding / Statkraft AS / AFRY AB / Sanko Energy Group / Axpo Holding AG / Limak Renewable Energy / Ecogreen Energy Holding Ltd / Polat Enerji Yatirimlari A.S. / Enerjisa Uretim / Kalyon Enerji / Akfen Renewables / Borusan EnBW Enerji / Zorlu Enerji / Guris Holding / Galata Wind Enerji / Demiroren Renewables / Yildirim Energy / Soyak Energy / Calik Enerji / Ormat Technologies Inc. / Siemens Gamesa Turkiye / Vestas Turkiye / JinkoSolar Turkiye / GE Vernova Turkiye /
Additional Benefits:
The market estimate (ME) sheet in Excel format /
3 months of analyst support /
1 Introduction
1.1 Study Assumptions & Market Definition
1.2 Scope of the Study
2 Research Methodology
3 Executive Summary
4 Market Landscape
4.1 Market Overview
4.2 Turkey Renewable Energy Mix, 2024
4.3 Market Drivers
4.3.1 Grid-connected YEKA Auctions Accelerating Utility-scale Solar Buildout
4.3.2 Rapid Deployment of Hybrid Wind-Solar Plants to Optimize Existing Grid Capacity
4.3.3 Stranded Gas Import Costs Driving Urgent Diversification to Domestic Renewables
4.3.4 Emerging Green-Hydrogen Export Ambitions Boosting Wind-Electrolyzer Projects
4.3.5 Corporate PPA Boom Led by Automotive & White-Goods Exporters Seeking RE100 Compliance
4.3.6 Geothermal Heat Utilisation in Agri-Food Processing Hubs of Ayd?n & Denizli
4.4 Market Restraints
4.4.1 Congested Western Anatolia Transmission Corridors Limiting New Feed-ins
4.4.2 Lira Volatility Inflating Imported Turbine & Module CAPEX
4.4.3 Seasonal Hydro Variability from Euphrates Basin Drought Cycles
4.4.4 Slow Environmental Permitting for Offshore Wind Leasing Zones
4.5 Supply-Chain Analysis
4.6 Regulatory Outlook
4.7 Technological Outlook
4.8 Porter's Five Forces
4.8.1 Bargaining Power of Suppliers
4.8.2 Bargaining Power of Buyers
4.8.3 Threat of New Entrants
4.8.4 Threat of Substitutes
4.8.5 Degree of Rivalry
4.9 PESTLE Analysis
5 Market Size & Growth Forecasts
5.1 By Type
5.1.1 Hydropower
5.1.2 Solar PV
5.1.3 Wind
5.1.4 Geothermal
5.1.5 Bioenergy
5.2 By Application
5.2.1 Utility-Scale
5.2.2 Commercial and Industrial
5.2.3 Residential
6 Competitive Landscape
6.1 Market Concentration
6.2 Strategic Moves (M&A, Partnerships, PPAs)
6.3 Market Share Analysis (Market Rank/Share for key companies)
6.4 Company Profiles (includes Global level Overview, Market level overview, Core Segments, Financials as available, Strategic Information, Products & Services, and Recent Developments)
6.4.1 IC ictas Energy Investment Holding
6.4.2 Statkraft AS
6.4.3 AFRY AB
6.4.4 Sanko Energy Group
6.4.5 Axpo Holding AG
6.4.6 Limak Renewable Energy
6.4.7 Ecogreen Energy Holding Ltd
6.4.8 Polat Enerji Yatirimlari A.S.
6.4.9 Enerjisa Uretim
6.4.10 Kalyon Enerji
6.4.11 Akfen Renewables
6.4.12 Borusan EnBW Enerji
6.4.13 Zorlu Enerji
6.4.14 Guris Holding
6.4.15 Galata Wind Enerji
6.4.16 Demiroren Renewables
6.4.17 Yildirim Energy
6.4.18 Soyak Energy
6.4.19 Calik Enerji
6.4.20 Ormat Technologies Inc.
6.4.21 Siemens Gamesa Turkiye
6.4.22 Vestas Turkiye
6.4.23 JinkoSolar Turkiye
6.4.24 GE Vernova Turkiye
7 Market Opportunities & Future Outlook
7.1 White-space & Unmet-need Assessment
7.2 Offshore Wind (Marmara & Black Sea)
7.3 Agrivoltaics in Central Anatolian Farming Belts
7.4 Grid-scale Battery Storage Co-location
7.5 Next-gen CSP Utilization for Industrial Process Heat
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