In the end of the 20th and the beginning of the 21st century, the relationship between energy consumption and economic growth has attracted significant research interest. Empirical studies of the relationship between energy consumption and economic growth have been conducted for different economic regions or countries (Apergis and Payne, 2009); Acaravci and Ozturk, 2010). More extensive analyses show more specifically, in recent years, that increasing attention being paid to renewable energy, as a result research on the relationship between renewable energy consumption and economic growth has emerged in the literature.