June 23, 2024
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Europe: Solar energy production increased in the second week of December

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In the second week of December, prices in most markets were lower than in the previous week. A mostly lower electricity demand combined with a second consecutive week of lower gas and CO2 futures prices, and increased solar energy production in most of the major European electricity markets led to the downward trend.

Solar photovoltaic, solar thermoelectric and wind energy production

In the week of December 11, solar energy production increased in the major European electricity markets compared to the previous week. The increase ranged from 97% in Portugal to 5.3% in France. The exception was the Italian market, where solar energy production decreased by 0.1%.

AleaSoft Energy Forecasting‘s solar energy production forecasts indicate that production will increase in Germany, Italy and Spain during the week of December 18.

In the week of December 11, wind energy production decreased in the major European electricity markets compared to the previous week. The French market experienced the largest decrease with 44%. The Iberian Peninsula and German markets saw decreases of around 1.0%. As with solar energy production, the Italian market was the exception. There, wind energy production increased by 92% with an output of 817 GWh, the third-highest weekly production.

AleaSoft Energy Forecasting‘s wind energy production forecasts indicate an increase in production for the French and German markets for the week of December 18, while a decrease is expected for the rest of the analyzed markets.

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