In the first week of November, wind energy production reached a weekly record in Italy and in Portugal, it was the second highest in history. In addition, almost all markets registered an increase in production using this technology. This, together with lower demand and lower gas prices, contributed to a downward trend in European electricity market prices. From October 26 to November 6, the MIBEL market had the lowest prices, except the 31st.
Solar photovoltaic, solar thermoelectric and wind energy production
In the week of October 30, most major European markets registered a decrease in solar energy production from the previous week. This is not surprising as the fall progresses and the days get shorter. In the Spanish market, solar energy production had the largest drop, 14%. In the German market, production using this renewable technology registered the smallest decline, 2.4%. As in the previous week, the exception was the Portuguese market, where solar energy production increased by 8.6%.
According to forecasts of AleaSoft Energy Forecasting, solar energy production will increase in Germany, Spain and Italy in the week of November 6.
Wind energy production offset the drop in solar energy production. The week of October 30 brought an increase in wind energy generation compared to the previous week in all major European markets. The exception was Spain, where wind energy production was high, although there was virtually no change in the weekly total compared to the previous week. In the German market, wind energy generation registered the largest increase, which was 67%. The Portuguese market had the smallest increase, 12%. The Italian market set an all-time record for weekly wind energy production by generating 846 GWh using this technology during the first week of November. The Portuguese market ended the week with a wind energy generation of 567 GWh, the second highest value after the record production in the week of February 8, 2016, which was 587 GWh.
According to AleaSoft Energy Forecasting’s wind energy production forecasts, wind energy production will decrease in all analyzed markets in the week of November 6.