Renewable energy to lead the capacity mix over nuclear power in France by 2028
"Installed non-hydro renewable capacity in France is expected to reach 25.3 GW by 2030 (from 8 GW in 2018) at a compound annual growth rate (CAGR) of 11.03%, according to a report by GlobalData.
The report, entitled ‘France Power Market Outlook to 2030, Update 2019 – Market Trends, Regulations, and Competitive Landscape’ reveals that non-hydro renewable power is expected to show the highest growth rate in 2019-2030, registering a compound annual growth rate (CAGR) of 21.9%, wind being the highest contributor in the renewable energy mix followed by small hydro, biopower, solar PV and others.
France under the Multiannual Energy Program aims to reduce fossil fuel consumption by 40% by 2030 from its 2012 levels and ensure a clear, fair, and sustainable energy transition for all. The plan includes phasing out of coal by 2022, decommission nuclear reactors, and boost renewable energy development with the main focus on wind and solar. In the case of wind, France paved the way for floating wind turbines with four demonstration projects approved by the European Commission."
