Solar Panel Saturation in Germany Sends Revenues Tumbling
- Producers with spot exposure got 87% less over last 10 days
- Grid investment and storage needed for consumers to benefit
Solar panels in Werneuchen, Germany.
Photographer: Liesa Johannssen-Koppitz/BloombergThis article is for subscribers only.
German electricity prices are collapsing during the sunniest hours of the day as the country is flooded with solar power, potentially curbing profitability.
The price of power during daylight hours over the past 10 days was €9.1 per megawatt-hour compared to €70.6 during the rest of the day as the number of solar installations continues to increase across the country, SEB AB wrote in a note.