Türkiye Solar Photovoltaic (PV) Power Market Outlook 2025÷2034 - Trends, Forecasts, Investments, Opportunities, Analysis
/LONDON, January 31, 2025, 10:00 GMT, RENEWABLE MARKET WATCHTM/ This market report offers an incisive and reliable overview of the photovoltaic sector of the country for the next long-term period, 2025 ÷ 2034. Türkiye's photovoltaic sector has witnessed remarkable growth in the past two decades, positioning the country as the leader in South East Europe in installed solar photovoltaic capacity.
The Türkiye residential solar market is in a phase of rapid expansion, propelled by a number of factors. These include the upward trajectory of household electricity prices, the strong desire for energy independence, the increasing availability of diverse financing options, and the growing popularity of solar battery storage systems.
Türkiye is one of the fastest-growing energy markets in the world, and its total energy demand is increasing rapidly. In answer to many concerns – climate change, the health effects of air pollution, energy security, and volatile oil prices – the country is looking at developing renewable technologies and solar PV with wind to decarbonise the energy mix.
Türkiye has announced plans to increase its renewable energy generation capacity with 60 GW of new solar and wind facilities by 2035. New investments of USD 10 billion will be implemented to strengthen the grid network. Up to USD 100 billion will be spent on this new initiative, and the country's cumulative solar and wind capacity will exceed 120 GW by 2035. The total installed power generation capacity of Türkiye exceeds 110 GW in 2024, and the share of renewables has reached 50%. According to government plans, the total installed capacity will reach 190 GW by 2035.
According to the Energy Market Regulatory Authority’s (EMRA) statistics, Türkiye’s cumulative solar capacity reached 19.4 GW at the end of 2024, scoring almost 37 % increase and doubling the capacity in just two and a half years. Most of this market growth came from the self-consumption of unlicensed solar photovoltaic power plants, contributing to 90% of new installations between 2020 and 2024.
The report provides a complete picture of the market situation, dynamics, current issues and future prospects. More than 120 pages of valuable information will be found in this unique, in-depth analysis of Türkiye's photovoltaic market. You will receive an overview of how the military conflict in Ukraine and the European Union's decision to reduce Russian gas and other energy commodities imports significantly will impact it. With comprehensive market data, this report brings clear and concise insights to help investors in their decision-making process. As 2023 and 2024 were challenging years for the photovoltaic industry, the time for making the right decisions during 2025 and the next few years is limited. A fast-changing market environment requires relevant and accurate information. For your convenience, we offer the opportunity for orders with customised report content. Reasons to buy this market report are, but are not limited to:
• Overview of the Türkiye political and economic environment
• Solar resource potential in Türkiye
• Financial Model and Analysis of 50 MW Photovoltaic (Solar PV) Power Plant investment in Türkiye (IRR, WACC, Payback, NPV, Cash Flow, etc.)
• Over 55 charts, tables and maps
• Overview of Türkiye Photovoltaic Market Development 2014 ÷ 2034
• Grid-connected photovoltaic installations
• Future market trends and planned photovoltaic projects for 2025 ÷ 2033
• Market prices of fully permitted and operational photovoltaic projects
• Türkiye legal and energy regulatory framework for renewable projects
• Key companies and competitive landscape in the photovoltaic sector
• Review of most relevant financing and supporting incentives
• SWOT Analysis (detailed in 5 pages)
This report is essential reading for you or anyone interested in the Türkiye Solar Photovoltaic (PV) Power Market. It includes an overview of investment trends, a competitive landscape, and forecasts of how investment volume in this market will develop over the next ten years. This report provides a comprehensive analysis of existing mechanisms supporting the use of solar energy in this country and highlights the challenges and opportunities associated with their development.
The author of this report, Renewable Market Watch™, has distinguished itself throughout the years by publishing unbiased reports on the development of global renewable energy markets. For your convenience, we offer opportunities for orders with customized report content.
For more information and answers to your questions about the German solar market and related content, you may read here: Turkey Solar Photovoltaic (PV) Power Market Outlook 2025÷2034
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