France's solar photovoltaic (1+ MW) electricity production capacity saw notable growth from 2013 to 2023, starting at 2.25 thousand megawatts and reaching 10.96 thousand megawatts in 2023. Over the last three years of actual data (2021 to 2023), the average yearly growth rate was approximately 12.87%. The compound annual growth rate (CAGR) from 2018 to 2023 stood at 14.98%. Given the steady increase, the forecast for the next five years projects a growth up to 15.3 thousand megawatts by 2028, with an estimated CAGR of 6.9%.
Future trends to watch for include advancements in solar technology, governmental policies favoring renewable energy, and increased investment in solar infrastructure. Additionally, the integration of solar energy with smart grid technologies and energy storage solutions could further drive the growth and efficiency of solar photovoltaic electricity production in France.
