16 Dec Renewables poised to overtake nuclear energy in France within decade
Renewable energy is on track to overtake nuclear power as the largest energy source in France within the next decade, according to a new study by analytics company GlobalData.
GlobalData found that the share of renewables in France will hit 42.9% of the European nation’s power mix by 2023, up from 19.9% in 2018. The research also suggested that nuclear energy will decline in this period as reactors come offline.
In 2018, nuclear power supplied 47.2% of France’s total energy, while renewables, hydropower and thermal power trailed this figure. In the non-hydro renewable energy mix, wind contributed 56.7% followed by solar PV with 35.6%.
“[France] is aiming to boost the renewable energy sources through tender mechanism,” said GlobalData analyst Piyali Das. “Renewable power sources are expected to increase at a compound annual growth rate of 8.9% between 2019 and 2030 with a net capacity addition of around 50GW.
“Installed capacity for onshore wind will double from its current levels of 15.1GW by 2026, and to support the expansion the government has announced doubling of the renewable energy budget. Solar PV is not behind by much in terms of growth and will witness an addition of more than 24GW during the same period.”