In 2023, France's renewables and biofuels gross inland consumption stood at 32.06 Million Tonnes of Oil Equivalent. From 2024 onward, forecasts predict a steady increase, with consumption expected to reach 36.25 MTOE by 2028. The year-on-year growth rates are projected as follows: 2.65% for 2024, 2.65% for 2025, 2.55% for 2026, 2.42% for 2027, and 2.32% for 2028. Over this five-year period, the compound annual growth rate (CAGR) is approximately 2.52%, reflecting a consistent upward trend in the adoption of renewable energy and biofuels in France.
Future trends to watch for:
- Advancements in technology that could enhance the efficiency and capacity of renewable energy sources.
- Policy changes at the European Union or national level that might incentivize or hinder the growth of renewables.
- Market dynamics affecting the biofuels sector, including shifts in global oil prices and agricultural productivity.