From Zacks via Yahoo Finance, October 13:
Per a recent report by Bloomberg Law, France is targeting to more than double the nation’s renewable power capacity over the next 12 years. In particular, the French government plans to install wind, solar and hydropower production capacity in the range of 140-175 gigawatts (GW) by 2035.
This installation plan reflects more than 100% improvement from 63.5 GW of renewable energy installed in 2022. Such a remarkable clean energy expansion plan has put the spotlight on solar stocks like First Solar FSLR, Enphase Energy ENPH and SolarEdge Technologies SEDG, which have a solid presence in France.
A Brief Note on the French Solar Market
Approximately two-thirds of France’s electricity comes from the country’s 56 nuclear reactors, as stated by the International Trade Administration. However, in tandem with the changing dynamics of the power generation market lately, steady growth has been observed in the usage of renewable energies in the nation. Renewables accounted for 11.7% of primary energy consumption and 25.3% of gross final energy consumption in 2019.
Impressively, France has been an electricity exporter for more than the past 30 years. This reflects the solid demand for electricity generation that this nation enjoys and boosts the need for more renewable-powered electricity generation.
Amid this scenario, the latest target announced by the French government to expand its renewable power capacity by more than 100% by 2035, with solar constituting a major part of this expansion, has set the stage for a booming solar market in France.
Solar Stocks to Gain
Per a recent report by the Mordor Intelligence firm, the solar energy market in France is projected to witness a CAGR of 14.2% over the 2023-2028 period. This, along with the aforementioned discussion, should bolster the growth prospects of the following solar stocks....
....MUCH MORE
I was not familiar with Mordor so I had to look them up:
Mordor is a land in the south-east of the Westlands ruled by Sauron, the Dark Lord, until his defeat by the Last Alliance of Elves and Men. It is surrounded by three mountain ridges and has a volcano, Mount Doom, where he forged the One Ring....
Here's another Mordor, probably just as interesting in its own right, sans volcano.
