France Walks the Walk for Reduction of Fossil Energy

It appears that France is walking the walk with its call for a reduction of use of fossil fuels. The country uses more nuclear energy than any other; yet, have publicly stated they will phase out its use of thermal power. According to a new report, from GlobalData, “Thermal Power in France, Market Outlook to 2020, 2012 Update – Capacity, Generation, Regulations, Power Plants, Companies,” France is one of the few European countries will is capable of achieving a reduction of fossil use by the end of the decade.

The largest share of the French power market is occupied by the nuclear industry, which at 63,130 MW will account for almost half of the country’s 2012 total installed capacity. While nuclear power will still increase by the end of the decade, it will be only marginally, with installed capacity expected to reach 67,530 MW by 2020.

The country is forecasted to drop from 27,720 Megawatts (MW) in 2012 to 23,783 MW in 2020, declining at a Compound Annual Growth Rate (CAGR) of 1.9%. At the same time, other major European nations such as Germany, Italy and the UK are expected to increase thermal installed capacity during this period.

As a result of France’s reduction of use of thermal power, they are increasing their use of renewable energy. Today, the county generates 130,231 MW in today and is estimated to increase to 156,639 MW in 2020. The government is factoring in reducing greenhouse gas emissions as well as energy efficiency in all decisions and is planning on installing a five million solar thermal units by 2020 with 80 percent of the solar arrays installed on homes.

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