The primary solid biofuels gross electricity production in France exhibited a steady upward trend from 2013 to 2023, starting from 2.01 TWh in 2013 and reaching 4.75 TWh in 2023. The year-on-year growth varied significantly, recording peaks in 2014 and 2016 with 14.66% and 27.86% growth rates respectively, and a slight dip of -0.7% in 2020. Over the last five years, this production has shown a Compound Annual Growth Rate (CAGR) of 4.54%. The latest actual data of 2023 shows a year-on-year increase of 4.97% in biofuel electricity production compared to the previous year.
Looking ahead, the forecasted data illustrates a continued increase in production, projected to reach 5.84 TWh by 2028. The CAGR over the next five years is expected to average 3.27%, indicating a steady but slightly slower growth rate. The overall growth rate from 2023 to 2028 is forecasted at 17.46%.
Future trends to watch for include advancements in biofuel technology, government policies supporting renewable energy, and market shifts due to economic and environmental factors. Monitoring these elements will be crucial for understanding the sustainability and potential acceleration of this growth trajectory.