The gross inland consumption of solar photovoltaic energy in France has shown a steady upward trend from 2013 to 2023, reaching 1690 thousand tonnes of oil equivalent. Over the last decade, the sector saw significant growth, with varying year-on-year increases and calculated compound annual growth rates (CAGR). Between 2019 and 2023, the CAGRs ranged from 11.66% to 12.68%, reflecting consistent yearly gains.
Focusing on the past two years, the year-on-year increase was 12.47% in 2022 and slightly decreased to 11.03% in 2023, indicating a moderate but consistent growth rate. Looking ahead, from 2024 to 2028, the forecasted CAGR is estimated to be 6.27%, suggesting a more stabilized growth trajectory. Future solar photovoltaic consumption in 2028 is expected to achieve 2520 thousand tonnes of oil equivalent, implying a forecasted five-year growth rate of 35.54%.
Future trends to watch for include advancements in photovoltaic technology, government policies promoting renewable energy, and increased investments in solar infrastructure. These factors are likely to drive continued growth and possibly higher efficiency gains in the solar sector.
