In 2023, the Mean Feed-In Tariff (FiT) for Small Hydro Energy in France stood at $0.1 per unit. Analyzing past trends, the FiT experienced varying year-on-year changes, with significant growth in certain years, such as 2015's 15.63%, and decreases in others, like 2019's -5.24%. The last two years showed steady increases; 2022 had a 1.88% year-on-year rise, while 2023 observed a 1.81% increase. Over the previous five years, the Compound Annual Growth Rate (CAGR) was 0.9%, reflecting modest average annual growth.
Looking forward, the forecasted data indicates a trend of stabilization, with the FiT anticipated to hold steady at $0.11 from 2024 to 2028. This forecast suggests a 1.27% five-year CAGR and an overall growth rate of 6.5% by 2028.
Future trends to watch for include:
- Policy changes impacting small hydro energy incentives.
- Technological advancements reducing costs and increasing efficiency.
- Market dynamics and competition from other renewable energy sources.