The growth trend of renewable energy in France in 2024

The French renewable energy market is expected to register a CAGR of over 7.4% during the forecast period 2022-2027. The government announced a €30 billion investment plan for 2030, of which €8 billion is earmarked for energy technology investments to decarbonize industry. This has a positive impact on the country's renewable energy market. On the other hand, nuclear power could hamper the growth of renewable energy.

The solar energy segment is expected to dominate the market during the forecast period owing to the increase in solar photovoltaic installations across the country.

Plans to integrate renewable energy sources with the national grid are expected to create numerous opportunities for the renewable energy market in the near future.

Nuclear power generation is expected to restrain the renewable energy market in France during the forecast period. 

Overview of the French renewable energy industry

The French renewable energy market is moderately fragmented. Some of the major companies operating in the market include Engie SA, EDF Renewables, TotalEnergies SE, Vestas, and Siemens Gamesa Renewable Energy SA.