The solar photovoltaic energy supply in France has shown a steady increase from 2013 to 2023, with the supply standing at 1690 Thousand Tonnes Of Oil Equivalent (ktoe) in 2023. The year-on-year variation has fluctuated, highlighting a noticeable growth trend: growth rates from a high of 23.07% in 2014 to a slight decline of 9.15% in 2020. Over the last two years, the year-on-year growth was 12.47% in 2022 and 11.03% in 2023. The compound annual growth rate (CAGR) over the past five years is 12.45%, reflecting strong and consistent growth in solar energy supply.
Future trends to watch for include:
- An evolution towards a more moderate growth rate, forecasted at a 5-year CAGR of 6.27% from 2024 to 2028.
- Continued investment in solar infrastructure and supportive policies driving expansion.
- Advances in technology potentially lowering costs and increasing efficiency, further enhancing supply growth.
