Turkey Renewable Energy - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2026-2031)

The turkey renewable energy market size in terms of installed base is expected to grow from 82.25 gigawatt in 2026 to 121.80 gigawatt by 2031, at a CAGR of 8.17% during the forecast period (2026-2031). This report is Segmented by Technology (Solar Energy, Wind Energy, Hydropower, Bioenergy, Geothermal, and Ocean Energy) and End-User (Utility, Commercial and Industrial, and Residential). The Market Sizes and Forecasts are Provided in Terms of Installed Capacity (GW).

Turkey Renewable Energy Market Trends and Insights

Grid-Connected YEKA Auctions Accelerating Utility-Scale Solar Buildout

YEKA tenders awarded 1,200 MW of wind in January 2025 and 800 MW of solar in February 2025, locking in 15-year offtake at EUR 32.5-55 per MWh. Developers must close grid-connection deals within 18 months, so vertically integrated conglomerates dominate awards, reinforcing scale advantages inside the Turkey renewable energy market. Solar capacity doubled from 11.3 GW in 2023 to 20 GW in 2024, hitting the 18 GW policy milestone 18 months ahead of plan. The HIT-30 industrial program steers USD 2.5 billion toward cell plants that will manufacture 15 GW annually by 2030, supporting job creation and import substitution. As auctions compress timelines and expand local content, utility-scale solar will remain the fastest catalyst of growth across the Turkey renewable energy market.

Rapid Deployment of Hybrid Wind-Solar Plants to Optimize Existing Grid Capacity

Regulators in 2024 allowed hybrids to oversubscribe interconnections by 30% if dispatch stays within the contracted limit. Pairing 100 MW of wind with 30 MW of solar on a single feeder lifts capacity factors by up to 12 percentage points and cuts levelized cost by 15%. Roughly 1 GW is online and 3.5 GW in the queue, illustrating how the Turkey renewable energy market converts stranded grid assets into revenue. Hybrids also hedge against hydro droughts because mandatory 1:1 batteries shift output from midday peaks to evening demand. This flexibility turns transmission congestion from a restraint into an engineering opportunity for the Turkey renewable energy market.

Congested Western Anatolia Transmission Corridors Limiting New Feed-ins

Substations in Izmir, Manisa, and Balıkesir run at up to 95% of capacity during peaks, stretching grid-connection queues to three years. Curtailment hit 6% of potential wind output in early 2024, eroding revenue by EUR 15 million. Hybrids and batteries provide partial relief, yet full resolution awaits USD 1 billion of line upgrades due in 2027. Until then, congestion slows the roll-out pace of the Turkey renewable energy market in its most resource-rich zones.

Other drivers and restraints analyzed in the detailed report include:

• Emerging Green-Hydrogen Export Ambitions Boosting Wind-Electrolyzer Projects
• Corporate PPA Boom Led by Automotive and White-Goods Exporters Seeking RE100 Compliance
• Lira Volatility Inflating Imported Turbine and Module CAPEX

Segment Analysis

Solar recorded the fastest 15.0% CAGR outlook, doubling to 20 GW in 2024 on the back of YEKA awards and C&I self-consumption. Hydropower’s 43.4% share in 2025 makes it the largest block, yet additions slow because the best dam sites are built out and pumped-storage permits need more than 36 months. Wind sits at 11.4% of capacity and benefits from co-location that boosts capacity factors by 8 - 12 points. Bioenergy supplies 1.5% of generation, anchored by Istanbul’s waste-to-energy plant. Geothermal covers 3.2% with direct-use upside in food hubs. Ocean energy remains absent. The 120 GW wind-and-solar target for 2035 means these two technologies will represent over 60% of the Turkey renewable energy market size by the end of the forecast period.

Solar continues to outpace other resources because tariff certainty, domestic manufacturing incentives, and relaxed site rules align. Hydropower growth plateaus as ecological scrutiny increases. Wind accelerates where grid capacity allows, and hybrid plants help skirt curtailment. Geothermal’s direct heat supplies agro-clusters with cheaper process energy. Bioenergy scales through municipal waste contracts, diversifying feedstocks. Together, evolving technology shares reshape the Turkey renewable energy market toward a more balanced mix.

Complete Report Scope:

• By Technology
  • Solar Energy (PV and CSP)
  • Wind Energy (Onshore and Offshore)
  • Hydropower (Small, Large, PSH)
  • Bioenergy
  • Geothermal
  • Ocean Energy (Tidal and Wave)
• By End-User
  • Utilities
  • Commercial and Industrial
  • Residential

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