In 2023, renewables and biofuels transformation output in France was at 3.61 million tonnes of oil equivalent. From 2024 to 2028, forecasts show a progressive increase, reaching 3.98 million tonnes of oil equivalent by 2028. Year-on-year growth from 2024 to 2025 is approximately 1.9%, and from 2025 to 2026 about 1.9% as well. From 2026 to 2027, a similar trend continues at 2.1%, with a slight decrease in growth rate to 1.8% from 2027 to 2028. Overall, a consistent Compound Annual Growth Rate (CAGR) of around 1.8% is expected over the next five years.
Future trends to watch for:
- Advancements in technology and regulatory support, which could accelerate growth in the renewables sector.
- Potential disruptions from geopolitical factors affecting energy prices and policy shifts.
- Increased investment and innovation in biofuel technologies influenced by ESG criteria and consumer demand for sustainable energy solutions.