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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
POWER
European solar PV output is forecast to surge this summer amid new capacity installations according to BNEF.
- Spanish solar PV output is forecast to rise to 10.6GW in July, up by 51.9% on the year. In summer, Spanish solar PV demand is forecast to average 9.6GW, up by 52.8% on the year.
- Italian solar PV output during summer is forecast to average 4,4GW, up by 15.4% on the year.
- German solar PV output is expected at 12.5GW during summer, up by 33.5% year on year.
- Wind output in all six markets is forecast to decline next month, with output forecast to be 18% down on the year on average.
- French nuclear availability in July is forecast to rise by 6% on the year to 34GW. Nuclear generation is forecast to average 35GW for the rest of the summer, up by 3% on the year.
- For 2024, BNEF expects French nuclear generation at 341TWh – in line with EdF estimates – and up from 320TWh in 2023.
- On the demand side, German power demand is forecast to average 50.1GW this summer, up by 2.1% on the year.
- French electricity consumption this summer is forecast to average 41.3GW this summer, down by 0.3% on the year.
- Spanish demand is forecast to rise by 0.6% on the year to average 27.2GW this summer, while Italian demand is estimated to be down by 0.8% on the year at 32.8GW.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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