Forecast: Solar Energy Consumption in France

Since 2013, solar energy consumption in France has shown a consistent upward trend, with significant year-on-year growth rates. As of 2023, solar energy consumption stood at 0.23 Exajoules. Between 2022 and 2023, the consumption grew by 23.81%. Over the previous five years, the compound annual growth rate (CAGR) was 18.77%. Projected figures from 2024 onwards maintain an optimistic outlook, with a 63.31% increase forecasted by 2028. The forecasted 5-year CAGR from 2023 to 2028 is 10.31%, indicating a steady yet slightly decelerating growth rate compared to previous periods.

Future trends to watch for include technological advancements in solar energy efficiency, government policies promoting renewable energy, and market adaptations to growing demand for sustainable energy solutions. These factors could accelerate or impede the projected growth rates.