The solar photovoltaic gross available energy in France stood at 70.64 thousand terajoules in 2023. Observing the historical data, there has been a consistent upward trend with the year-on-year variation showing notable increases. Particularly, the year-on-year growth rate fluctuated between 9.15% in 2020 and peaked at 16.9% in 2021, before stabilizing at 10.96% in 2023. The compound annual growth rate (CAGR) over the last five years was 12.43%, indicating robust growth in solar energy production.
Looking ahead, forecast data from 2024 to 2028 suggest a sustained growth trajectory, with a forecasted 5-year CAGR of 6.15% and a total growth rate of 34.74% over this period. By 2028, the solar photovoltaic energy production is expected to reach 104.49 thousand terajoules, reflecting continuous investment and development in renewable energy infrastructure.
Future trends to watch for include:
• Innovations and technological advancements in photovoltaic cells that improve efficiency.
• Government policies and incentives aimed at accelerating the adoption of solar energy.
• Integration of solar energy systems with smart grids to enhance energy distribution and storage capabilities.
• Global and domestic market dynamics affecting raw material availability and costs.
