The Forecasting of Renewable Energy Generation for Turkey by Artificial Neural Networks and a Auto-Regressive Integrated Moving-Average Model -2023 Generation Targets by Renewable Energy Resources

Abstract Turkey attaches particular importance to energy generation by renewable energy sources in order to remove negative economic, environmental and social effects caused by fossil resources in energy generation. Renewable energy sources are domestic and do not have any negative effect, such as external dependence in energy and greenhouse gas, caused by fossil resources and which constitute a threat for sustainable economic development. In this respect, the prediction of energy amount to be generated by Renewable Energy (RES) is highly important for Turkey. In this study, a generation forecasting was carried out by Artificial Neural Networks (ANN) and Autoregressive Integrated Moving Average (ARIMA) methods by utilising the renewable energy generation data between 1965-2019. While it was predicted by ANN that 127.516 TWh energy would be generated in 2023, this amount was estimated to be 45.457 TeraWatt Hour (TWh) by ARIMA (1.1.6) model. The Mean Absolute Percentage Error (MAPE) was calculated in order to specify the error margin of the forecasting models. This value was determined to be 13.1% by ANN model and 21.9% by ARIMA model. These results suggested that the ANN model provided a more accurate result. It is considered that the conclusions achieved in this study will be useful in energy planning and management.