GERMAN SOLAR MARKET BREAKS RECORD AGAIN IN JULY
According to the German transmission system operator, the market value of solar energy in Germany increased by 0.07 euros from June to July, reaching an all-time high of 0.026093 euros/kWh. Electricity spot market prices also rose sharply, rising almost €0.10 to €0.0315/kWh in July.
The market value of both onshore and offshore wind soared to €0.0278/kWh and €0.0287/kWh, respectively. This means that the value of wind energy has almost doubled compared to May, while spot prices have risen sharply.
A new record for solar power generation has been announced for the third consecutive month. The data showed that Germany's photovoltaic systems generated 8.223 terawatt-hours of electricity, the second time since June that it exceeded 8 terawatt-hours.
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