France Wind Energy Market Size
| Study Period | 2019-2029 |
| Base Year For Estimation | 2023 |
| Market Volume (2024) | 22.72 gigawatt |
| Market Volume (2029) | 32.52 gigawatt |
| CAGR (2024 - 2029) | 7.43 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
France Wind Energy Market Analysis
The France Wind Energy Market size in terms of installed base is expected to grow from 22.72 gigawatt in 2024 to 32.52 gigawatt by 2029, at a CAGR of 7.43% during the forecast period (2024-2029).
Over the medium term, factors such as increasing investments, upcoming and ongoing wind energy projects, and expansion of wind energy capacities are expected to be significant drivers for the French wind energy market during the forecast period.
On the other hand, the widespread electricity generation from alternative renewable energy sources such as hydropower and solar and other sources such as nuclear energy are expected to be a significant restraint for the growth of the French wind energy market.
Nevertheless, the supportive government policies and related incentive schemes to support renewable energy production, particularly wind energy, have a strong backhold by the country to reduce its carbon footprints. This will create opportunities for the French wind energy market in the coming years.
France Wind Energy Market Trends
The Onshore Segment is Expected to Dominate the Market
- As of 2022, the majority of the wind energy installed capacity came from onshore wind farms, and a tiny portion came from offshore wind energy. Wind energy production has been growing in France over the past decade. France's wind energy sector is the second-largest renewable energy source after hydropower.
- In 2022, France's installed onshore wind energy capacity accounted for 20.63 GW, compared to 16.42 GW in 2019. Onshore wind energy increased by 25.6% as compared to 2019. As of 2022, the total wind energy installed was about 31.5% of France's renewable installed capacity.
- According to the National Climate and Energy Plan, France aims to install up to 35 GW of onshore wind by 2028, up from 17 GW as of 2020. This is expected to increase the use of onshore wind energy during the forecast period.
- In November 2023, SSE Renewables started construction of the 27.2 MW Chaintrix-Bierges and Vélye Wind Farm, its first French onshore wind farm located between Chaintrix-Bierges and Vélye in the Marne département and comprises eight Siemens Gamesa SG 3.4-132 wind turbines, each capable of producing 3.4MW of output. The site is SSE Renewables’ first project to enter construction outside of the UK and Ireland and the first from its Southern Europe pipeline acquired last year.
- Further, in November 2023, RWE AG and its project partners have been awarded 119 MW of gross capacity, or 80 MW, on a pro-rata basis. RWE is the controlling owner of three winning projects, while two more will be developed in partnership with Vent du Nord and David Energies/Energiter. Overall, 37 turbines will be installed across the regions of Centre-Val de Loire, Hauts-de-France, Pays de la Loire, and Nouvelle-Aquitaine, with the first projects to be launched at the end of 2024. The wind farms are planned to go online by 2025 at the earliest.
- Therefore, forthcoming and ongoing onshore wind energy projects will dominate the French wind energy market during the forecast period.
Increasing Adoption of Alternative Renewable Energy Sources is Restraining the Market Growth
- France's renewable energy mix is dominated by wind, hydropower, and nuclear energy. But this scenario has begun changing fast with solar energy and bioenergy growth.
- France is one of the few countries in the world which produces the largest source of electricity by nonfossil fuel, i.e., renewable energy sources.
- Solar energy has been growing significantly in France in recent years. The country’s solar potential is widespread throughout the country. The solar power capacity in 2022 was 17.41 GW, according to the International Renewable Energy Agency.
- In February 2022, the French government planned to have more than 100GW of installed solar PV capacity by 2050. The following key developments are expected to restrain the wind energy market in the country.
- Further, Bioenergy capacity in the country increased from 1931 MW in 2020 to 2051 MW in 2022, which accounted for a 6.21 % increase from 2019.
- In January 2023, TotalEnergies commissioned the BioBéarn biogas production unit in Mourenx, southwest of France, with an annual production capacity of 160 gigawatt hours (GWh). BioBéarn has been built on a seven-hectare former brownfield site in the center of the Lacq basin and represents TotalEnergies' 18th biogas production unit1 in France. The unit will be capable of converting 220,000 tons of organic waste every year from local farming activities and the agri-food industry.
- Therefore, the adoption of alternative renewable energy sources in the country has been growing faster during the last decade, and it is expected to restrain the French wind market during the forecast period.
France Wind Energy Industry Overview
The French wind energy market is semi-consolidated. The key players in the market include (in no particular order) include Engie SA, EDF Renewables, Vestas Wind Systems AS, General Electric Company, and Siemens Gamesa Renewable Energy SA, among others.
France Wind Energy Market Leaders
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Engie SA
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EDF Renewables
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Siemens Gamesa Renewable Energy, S.A.
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General Electric Company
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Vestas Wind Systems A/S
*Disclaimer: Major Players sorted in no particular order
France Wind Energy Market News
- July 2023: The French government has awarded projects with a combined capacity of over 1.1 GW in its latest tender for onshore wind power capacity that aims to back the country’s 2030 renewables targets. According to the Ministry of Ecological Transition, the competition ended up with 73 winning proposals selected at an average price of USD 92.88 per MWh.
- March 2023: Eoliennes en Mer Manche Normandie (EMMN), a company partly owned by EDF, has won the tender to build France's largest offshore wind farm off the coast of Normandy. According to the Energy Transition Ministry, the project represents a 1 gigawatt (GW) of installed capacity, which is enough to meet the electricity consumption of 800,000 homes. The project is expected to be comissioned in 2031, with construction due to begin in 2026 or 2027.
France Wind Energy Market Report - Table of Contents
1. INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2. EXECUTIVE SUMMARY
3. RESEARCH METHODOLOGY
4. MARKET OVERVIEW
4.1 Introduction
4.2 Wind Energy Installed Capacity and Forecast in GW, till 2028
4.3 Renewable Energy Mix, 2022
4.4 Recent Trends and Developments
4.5 Government Policies and Regulations
4.6 Market Dynamics
4.6.1 Drivers
4.6.1.1 Favorable Government Policies for Renewable Energy
4.6.1.2 Adoption of Cleaner Power Generation Sources
4.6.2 Restraints
4.6.2.1 Competition from Nuclear Energy and Other Renewable Energy Alternatives
4.7 Supply Chain Analysis
4.8 PESTLE Analysis
5. MARKET SEGMENTATION
5.1 Location of Deployment
5.1.1 Onshore
5.1.2 Offshore
5.2
6. COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Engie SA
6.3.2 EDF Renewables
6.3.3 Vestas Wind Systems AS
6.3.4 General Electric Company
6.3.5 Siemens Gamesa Renewable Energy SA
6.3.6 Albioma SA
6.3.7 TotalEnergies SE
6.3.8 Voltalia SA
6.3.9 Neoen SA
6.3.10 EOLFI SA
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Presence of Strict Emission Targets in the Country
France Wind Energy Industry Segmentation
Wind power is generated by the force of the wind, mainly through the rotor, which transforms kinetic energy into mechanical energy, and through the generator thus using the principal of faraday's law of electromagnetic induction which finally converts this mechanical energy into electrical energy.
France wind energy market is segmented by location and geography. By location, the market is segmented into onshore and offshore. For each segment, the market sizing and forecasts have been done based on installed capacity (gigawatts).
| Location of Deployment | |
| Onshore | |
| Offshore |
France Wind Energy Market Research FAQs
How big is the France Wind Energy Market?
The France Wind Energy Market size is expected to reach 22.72 gigawatt in 2024 and grow at a CAGR of 7.43% to reach 32.52 gigawatt by 2029.
What is the current France Wind Energy Market size?
In 2024, the France Wind Energy Market size is expected to reach 22.72 gigawatt.
Who are the key players in France Wind Energy Market?
Engie SA, EDF Renewables, Siemens Gamesa Renewable Energy, S.A., General Electric Company and Vestas Wind Systems A/S are the major companies operating in the France Wind Energy Market.
What years does this France Wind Energy Market cover, and what was the market size in 2023?
In 2023, the France Wind Energy Market size was estimated at 21.03 gigawatt. The report covers the France Wind Energy Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the France Wind Energy Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
France Wind Energy Industry Report
Statistics for the 2024 France Wind Energy market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. France Wind Energy analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
France Wind Energy Market Report Snapshots
