AleaSoft Forecasting reports that in the first week of March, solar photovoltaic energy production reached the highest daily value for a March month in history in most major European electricity markets. This did not prevent weekly average market prices from being higher than in the previous week, supported by higher demand and gas and CO2 prices, as well as lower wind energy production in most markets. The MIBEL market registered the lowest prices again and on Sunday, March 10, it reached the lowest price since February 2014.
In the week of March 4, solar energy productionincreased in most major European electricity markets compared to the previous week. The Italian market experienced the largest rise, 44%, reversing the downward trend of the previous two weeks. The German market registered the smallest increase, 16%, rising consistently for the fourth consecutive week. Only the Iberian Peninsula registered a decrease in solar energy production, by 6.5% in Portugal and 12% in Spain.
In most analyzed markets, there were the highest daily photovoltaic energy production levels ever registered for March month. The list starts with the German market, which produced 249 GWh on March 8, which is also the highest value since mid-September. The Spanish market generated 137 GWh on two days in a row, on March 5 and 6, a level last seen in the summer, on August 31. The French market generated 85 GWh on March 7, which is also the highest value since the end of September. The list is rounded off by Portugal, where solar energy production reached 13 GWh on March 5, slightly below the records registered in February, but still the highest ever registered in a March month.
For the week of March 11, according to AleaSoft Energy Forecasting’s solar energy production forecasts, this week’s upward trend will continue and solar energy production will increase in Germany, Spain and Italy, AleaSoft Forecasting reports.
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