In 2024, France set a new benchmark for PV deployment, installing over 6 GW of new PV capacity. This marks the strongest year on record for PV in France, underscoring the country’s commitment to accelerating its energy transition.
Key highlights from the report:
· A record 6 GW of new PV was installed, pushing cumulative capacity to around 30 GW DC (25 GW AC), with more than two-thirds of new capacity on rooftops across residential, commercial and industrial segments.
· Module prices continued to fall, dropping by 0.2 EUR/Wp in the residential segment, though rising costs for mounting and permitting kept utility-scale system costs relatively stable, with only a small decrease in overall costs.
· Corporate PPAs saw reduced attractiveness due to falling electricity market prices, leading to fewer new contracts initiated in 2024 compared to the volume of agreements initiated in 2023.
· France’s project pipeline remains robust, with over 6 GW in the grid connection queue holding signed preliminary DSO contracts and another 19 GW of projects with urban planning and environmental permitting authorised, highlighting the potential for strong future growth in commissioning.
· Changes in support mechanisms are expected to slow the volume of new residential and C&I projects from 2025, impacting commissioned volumes in 2026..
