May and June have been record breaking months for PV generation all over Europe. Recently renewables made up over 50% the UK's electricity demand at a single time and Germany is showing here how solar can produce a significant base load. With electricity prices being so high in Germany households are able to generate their own solar power for half the cost they can buy it from the traditional utilities.
Installations of residential solar PV systems are currently the highest they have been for over two years in Germany and with 55% of new installations incorporated energy storage more and more of this energy is being utilised at peak times, reducing demand.
A record breaking 5.57 TWh of solar power was produced by PV systems installed in Germany in May. Based on data from the Fraunhofer Institute for Solar Energy Systems (ISE), the German Solar Industry Association (BSW-Solar) reported on monday, that this is equivalent to a share of 12.3% in net electricity generation. Over the same period nuclear power plants in Germany produced around 5.56 TWh, which is about 12.5% of germany´s power generation. “Solar power from home or commercial rooftops is already available for half the price of regional supply tariffs”, said Carsten Körnig, CEO of BSW-Solar. “At utility scale, solar power in Germany can already be generated for about €0.06/kWh. Therefore the price-performance ratio of solar power is on a par with new conventional power plants.”