Power Generation and Cumulative Capacity of Geothermal Power Plants in Turkey (2017 – 2021)
-
Net electricity generated by Geothermal power plants in Turkey reached 8,151.2 GWh in 2021, growing 11.4% YoY
-
During the same year, the cumulative capacity of Geothermal power plants in Turkey reached 1,695.8 MW, growing 5.1% YoY
-
Power generation recorded a historical growth at a CAGR of 12.3% between 2017 and 2021, while the cumulative capacity growth at 12.4% between 2017 and 2021
Power Generation and Cumulative Capacity of Geothermal Power Plants in Turkey (2017 – 2021)
With the increasing demand for energy, rising levels of pollution, fear of global warming, scarcity of fossil fuels, and increasing levels of greenhouse gas (GHG) emissions, many countries opted for sources of clean renewable energy. Several countries signed protocols with pre-defined emission reduction targets. The Paris Agreement is the most recent initiative in this direction, whereby each country voluntarily determined and presented its emission reduction target and pledged to achieve GHG reduction according to this target. Several countries that are party to the Paris Agreement devised plans to reduce conventional power and aid the growth of renewable power to reduce emissions. The main renewable energy sources are Hydro, Geothermal, Wind, Solar, and Biopower.
Geothermal energy is the thermal energy formed in Earth’s crust due to radioactive decay of material. This energy is extracted using a geothermal heat pump where water or anti-freeze solution is pumped in to absorb the heat and then converted to electricity using turbines. Geothermal energy only produces one-sixth of carbon dioxide in comparison to a natural gas powerplant and is constantly available unlike other renewable sources such as solar and wind.
Turkey is one of the five major producers of geothermal energy, along with the US, the Philippines, New Zealand, and Indonesia. The cumulative installed capacity for geothermal power in Turkey was 1,064 MW in 2017 which increased to 1,696 MW by 2021, growing at a CAGR of 12.3%. It is expected to reach 2,785 MW by 2030, growing at a CAGR of 5.61% during 2020 and 2030. The geothermal power generation increased to 8.151 TWh in 2021 and is expected to reach13.183 TWh by 2030.
The Renewable Energy Law was amended by Turkish Government in January 2011, to facilitate a more investor-friendly incentive scheme. This amendment led to certain advantages, concerning feed-in tariffs, lower license fees, some cases of license exemptions, connection priorities, land acquisition, and purchase guarantees. Due to increasing government support for renewable sources, there is an increase in installation of renewable’s based powerplants in the country.
Still looking?
Don’t wait - discover a universe of connected data & insights with your next search. Browse over 28M data points across 22 industries.
Explorer
Access more premium companies when you subscribe to Explorer
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward