June 23, 2024
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Europe: Solar energy production increased in week 11

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According to AleaSoft Energy Forecasting, in the third week of March, European electricity market prices remained at similar levels to those of previous weeks. In most of them, the weekly average decreased compared to the previous week due to low prices registered at the end of the week as a result of high wind energy production and lower demand on those days. Solar energy production increased in most markets, reaching a record of daily photovoltaic energy production for March month in France and Italy. Gas and CO2 prices increased.

In the week of March 18, solar energy production increased in most major European electricity markets compared to the previous week. The French market registered the largest increase, 24%, maintaining the upward trend for the fourth consecutive week. The Italian market registered the smallest increase, 9.0%, continuing its upward trend for the third week. These two markets registered the highest levels of daily solar photovoltaic energy production for March month ever. On March 21, the Italian market produced 99 GWh and one day later the French market generated 93 GWh. Both markets last reached these production levels in the first half of September. In the German market, solar energy production also rose, in this case by 11%.

In the Iberian Peninsula, however, solar energy production fell by 23%, reversing the upward trend of the previous week.

For the week of March 25, according to AleaSoft Energy Forecasting’s solar energy production forecasts, the upward trend will continue in the German market. In Spain and Italy, solar energy production will fall, AleaSoft Energy Forecasting reports.

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