Receive our newsletter – data, insights and analysis delivered to you
  1. Market Data
August 4, 2016

Report: Renewable energy projects to spur growth in the French construction industry

The construction industry in France is projected to grow from 2016 to 2015 after experiencing a slow period due to economic depression, says a report by Timetric.

The construction industry in France is projected to grow from 2016 to 2015 after experiencing a slow period due to economic depression, says a report by Timetric.

Titled ‘Construction in France – Key Trends and Opportunities to 2020’, the report states the industry’s recovery will be propelled by renewable energy, road, and rail projects. With an improvement in investor and consumer confidence accompanied by an inflow of foreign investment, the output value of the French construction industry is forecast to grow at a compound annual growth rate (CAGR) of 1.49%.

Plans were announced at the beginning of this year to build 1,000km of solar panel roads called Wattway. Constructed using poly-crystalline silicon strips, the roads are scheduled to be completed by 2020.

These strips' generation will be supplied to approximately 8% of the country’s population. This energy-efficient initiative will be implemented in collaboration with the National Institute of Solar Energy and Colas.

According to the Timetric report, France aims to achieve 6,000MW through offshore wind power projects by 2020. A consortium of Areva, Neoen Marine, and EDP Renovaveis was awarded a contract worth €4bn ($5.3bn) in 2014 to develop an offshore wind energy project.

Other sectors are also expected to contribute to the growth of the country’s construction industry, such as housing and railway. Multiple schemes worth billions of euros have been announced in these sectors to pave way for growth and development.

Content from our partners
Green investment: What gives Scotland multiple advantages
How Hengst helped to keep Germany’s charity “star singers” shining
How one power station prevented frequent shutdowns with three-stage air filtration

The country hopes to revive the construction industry, which suffered due to poor investment in projects and a weak business environment from 2011 to 2015.

Related Companies

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. The top stories of the day delivered to you every weekday. A weekly roundup of the latest news and analysis, sent every Wednesday. The power industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU