WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 172
MARKET
DATA
• To meet its EU targets, France will need to triple its use of renewable power and reduce its energy consumption by a third by 2035, France’s electricity Transmission and System Oerator
RTE has stated in its 2030-2035 energy outlook
• With an annual estimation of €70 billion in investment opportunities, France is aiming to become a leader in Europe’s green industry
• France electricity mix is already decarbonized (~40g of CO₂ per kWh), thanks to nuclear energy
1%
2023 Electricity Capacity Mix
CO2 Emissions (million metric tons of CO2 equivalents)
6%
287.1
300
Total Energies SE is the biggest supplier of energy in France, with EDF and
Engie.
280.8
280
Nuclear
11%
Wind and Solar
262.9
Hydro
260
Most French electricity is sourced from nuclear power stations (~70%+),
however, a growing number of suppliers o昀昀er options from renewable
sources.
Natural Gas
16%
240
Oil
Coal
Others
65%
0
2021
New Generation Capacity- Solar (In GW)
1%
0%
2022
2023
Source : Statistical Review of World Energy Data 2024.
Better nuclear 昀氀eet availability in 2023
60.0
Source : Statistical Review of World Energy Data 2024
New Generation Capacity - Wind (in GW)
60
40
10
30
0
20
2023
38.4
40
20.6
2030
2023 Electricity consumption by sector
7%
Domestic
22.1
25%
Services
37%
Industry
10
Others
0
20
2030
2023
Sources: Enerdata
31%
In 2023, France had an electricity capacity of 149.3 GW, and electricity
consumption of France is estimated to be 411 TWh
Source: IRENA, Internal Forecast
France was the biggest net exporter of power in Europe in 2023, due to
low demand and the return of much of the country's nuclear 昀氀eet.
According to analysis by Montel group, France exported almost 50TWh
more than it imported in 2023 having become a net importer in 2022 for the
昀椀rst time in more than 40 years.
PPA Deals
CO2 pricing (euro/ton CO2)
28
20
15
Sources:
https://www.euractiv.com/section/politics/news/france-must-triple-renewable-energy-capacities-by-2035-says-network-operator/
https://www.businessfrance.fr/discover-france-news-france-is-counting-on-70-billion-in-annual-investment-owing-to-its-decarbonization-plan
https://www.energyinst.org/_ _data/assets/pdf_file/0006/1542714/EI_Stats_Review_2024.pdf
https://www.enerdata.net/estore/energy-market/france/
https://img.saurenergy.com/2024/01/european_ppa_market_outlook_2024_v7_high_res.pdf
https://go.pexapark.com/l/891233/2023-02-08/cjj25/891233/1675852816rjodUGY4/European_PPA_Market_Outlook_2023_V9.pdf
https://carbonpricingdashboard.worldbank.org/compliance/price
https://www.irena.org/-/media/Files/IRENA/Agency/Publication/2024/Mar/IRENA_RE_Capacity_Statistics_2024.pdf?rev=a587503ac9a2435c8d13e40081d2ec34
https://www.pv-tech.org/france-targets-up-to-60gw-of-solar-pv-by-2030-in-updated-necp/#:~:text=France%20has%20submitted%20its%20updated,installed%20
solar%20capacity%20by%202030.
https://www.enerdata.net/publications/daily-energy-news/france-plans-new-calls-tender-2-gw-renewable-energy-capacity.html#:~:text=At%20the%20end%20
of%202023,11%25%20(19%20GW).
https://www.enerdata.net/estore/energy-market/france/
https://world-nuclear.org/information-library/country-profiles/countries-a-f/France
https://www.euractiv.com/section/electricity/news/french-strikes-cause-costly-surge-in-electricity-imports-from-germany/
10
60
7
10
45.4
44.7
44.2
2023
2024
40
5
20
0
2021
2022
Source: Pexapark- European PPA Market Outlook
0
2023
2022
Source: The World Bank
WEMO 2024
EDF is the leading producer of low-carbon electricity with 93% of their
electricity production decarbonized in 2023. Réseau de Transport d’Electricité
(RTE) is the only transmission system operator, and Enedis, operates 95% of
the metropolitan electric grid.
172
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