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Spanish PV to Surge to New Records During Peak Periods in Coming Months

POWER
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Spain’s PV output is anticipated to swell to fresh records during peak periods over the coming months, as Spain's solar production capacity hit a new high in 2024 despite the slowdown of installations, according to Reuters.

  • Total solar production from PV plants operated by utilities through 28 May 2024 has climbed 13% higher than during the same period in 2023, according to LSEG.
  • And so far this month solar output is up 26.3% on the year.
  • Spain's PV output more than doubles during June, July and August as is generated during winter months, data from energy think tank Ember shows.
  • As a result, Spanish PV generation could exceed demand for some periods, pushing down power prices in the region.
  • The surplus power could also be exported to France and Portugal, but this may be limited due to French nuclear output and Portugal’s increasing PV capacity – adding additional weight on Spanish power prices and decreasing the capture rates of regional PV operators.
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Spain’s PV output is anticipated to swell to fresh records during peak periods over the coming months, as Spain's solar production capacity hit a new high in 2024 despite the slowdown of installations, according to Reuters.

  • Total solar production from PV plants operated by utilities through 28 May 2024 has climbed 13% higher than during the same period in 2023, according to LSEG.
  • And so far this month solar output is up 26.3% on the year.
  • Spain's PV output more than doubles during June, July and August as is generated during winter months, data from energy think tank Ember shows.
  • As a result, Spanish PV generation could exceed demand for some periods, pushing down power prices in the region.
  • The surplus power could also be exported to France and Portugal, but this may be limited due to French nuclear output and Portugal’s increasing PV capacity – adding additional weight on Spanish power prices and decreasing the capture rates of regional PV operators.