Our rating is based on a combination of project pipeline, political and policy support, investor confidence and structural readiness of the country in terms of grid infrastructure, permitting process and local supply chain.
Estimate of installed and operating wind power capacity based on the latest statisitics and measured against the Windpower Intelligence database.
Wind power is France’s largest renewable energy sector and a cornerstone of its energy transition plans. The industrial context is positive and the market is active, with many transactions ongoing, including green-field and brown-field investments.
The government is broadly supportive of the industry, pledging to achieve 34.7GW of onshore wind capacity by 2028. Reaching this goal will involve upgrading existing wind farms, although current legislation does not facilitate the process, which can be lengthy.
Offshore wind promises to become the driving force in the French wind-power market, although it has been slow to get off the ground. The government has pledged to reach 6.2GW of offshore capacity by 2028, and construction of the first of seven planned offshore wind farms finally began in 2019.
There is no major problem regarding grid infrastructure, either in terms of capacity or third-party access, which is effective and looked after by the regulator.
France is interconnected with six European countries: UK, Belgium, Germany, Italy, Spain and Switzerland with plans for an electrical link with Ireland by 2026.
A major concern remains the relative complexity of the permitting process and the ease with which judicial challenges can block a project, although steps have recently been taken to speed up setup time.