In 2023, France's renewable power consumption stood at 0.85 Exajoules. Starting in 2024, forecasted consumption figures show a year-on-year increase of approximately 5.56% from 0.9 Exajoules in 2024 to 1.1 Exajoules in 2028. The trend over the last two years, 2022 to 2023, showed significant growth, and the Compound Annual Growth Rate (CAGR) over the five-year forecast period (2023-2028) is projected to be around 5.45%.
Key future trends to watch for include:
- Government policies and incentives aimed at increasing renewable energy adoption.
- Advancements in renewable technologies that may drive down costs and increase efficiency.
- Increasing public and private sector investments in renewable energy infrastructure.
- Potential impacts of geopolitical and economic factors on energy markets and renewable energy initiatives.
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