The renewable and biofuels energy supply in France stood at 1.339 Million Terajoules in 2023. Actual yoy growth from 2022 to 2023 was 2.97%, continuing a trend of generally positive, albeit fluctuating, growth over the past decade. Specifically, from 2021 to 2022, the yoy growth was 0.87%, and from 2022 to 2023, it was 2.97%. The five-year compound annual growth rate (CAGR) from 2019 to 2023 was 2.78%.
Future trends show an expected steady increase in supply, with a forecasted five-year CAGR of 2.08% from 2024 to 2028, reaching 1.5265 Million Terajoules by 2028, a total growth of 10.84% over the period.
- 2024 forecast: 1.3773 Million Terajoules
- 2025 forecast: 1.4152 Million Terajoules
- 2026 forecast: 1.4526 Million Terajoules
- 2027 forecast: 1.4898 Million Terajoules
- 2028 forecast: 1.5265 Million Terajoules
Future trends to watch for include technological advancements, policy shifts enhancing green energy subsidies, and potential market disruptions from emerging sustainable energy sources. Monitoring international energy market dynamics and innovations in biofuel technology will be crucial.
