Renewable power generation in France has shown a consistent upward trend, growing from 28.6 Terawatthours in 2013 to an estimated 93.57 in 2024. The year-on-year growth rates have gradually decreased, indicating a maturing market, with earlier years seeing growth as high as 18.97% in 2015 to a more stable growth rate around 9.3% in 2023. The compound annual growth rate (CAGR) has similarly adjusted, reflecting a market that is transitioning from rapid expansion to more steady growth, with the last five years averaging a CAGR of 11.75%. The forecasted 5-year CAGR to 2028 is 5.52%, suggesting a slowdown in growth as the market further matures.
For the future, it’s crucial to monitor technological advancements, policy changes, and economic incentives that could influence the pace of growth in France’s renewable power sector. The integration of new renewable technologies and enhanced storage solutions will be key factors driving market evolution.