Based on historical data, the production of renewables and biofuels in France has experienced moderate but consistent growth over the last decade. The sector stood at 1.2785 million terajoules in 2023, reflecting a 2.64% year-on-year increase from 2022. Over the last five years, the compound annual growth rate (CAGR) was 2.37%, underscoring steady expansion.
Looking ahead, forecast data suggest sustained growth in the sector, with production expected to reach 1.4383 million terajoules by 2028. The forecasted 5-year CAGR is 1.87%, indicating a robust upward trend with a forecasted overall growth rate of 9.7% over this period.
Future trends to watch for include technological advancements in renewable energy, policy shifts favoring green energy, and increased investment in biofuel infrastructure. These factors could drive further expansion and efficiency in the renewables and biofuels sector in France.
