Interactive: Platts Renewable Energy Price Explorer

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Market values of European wind and solar output plunged in April as power prices continued to fall, Platts Renewable Energy Price Explorer shows.

Spanish capture prices hit a record-low with the solar falling to Eur8.15/MWh capturing only 56% of April’s spot price average, according to Platts assessments for S&P Global Commodity Insights.

In Germany, solar values fell to a 2020-low averaging Eur46.84/MWh and capturing 80% of the average spot price.

The Explorer shows the "capture price" renewable energy generators receive based on hourly output and pricing data on a monthly average basis.

As such capture prices take account of the cannibalization effect caused by Europe's growing fleet of solar and wind farms and are a more accurate reflection of value than average day-ahead wholesale power prices.

Elsewhere, Italian capture prices remained highest due to low renewables penetration and a gas-driven premium for the underlying power price.

UK wind captured around 75% of wholesale market value in April averaging below GBP40/MWh with daily assessments ranging from GBP4/MWh to GBP78/MWh.

Overall, combined wind and solar output across the Big Five markets rose 5% year on year to 49 TWh, while the number of negative hourly prices soared across many markets indicating longer periods of oversupply.

For further information, see methodology or contact ci.support@spglobal.com

The dial chart shows monthly wind, solar, nuclear, gas and coal-fired generation across Europe's five biggest power markets. Click a segment for more detail.

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Interactive: Platts Renewable Energy Price Explorer

Market values of European wind and solar output plunged in April as power prices continued to fall, Platts Renewable Energy Price Explorer shows. Spanish capture prices hit a record-low with the solar falling to Eur8.15/MWh capturing only 56% of April’s spot price average, according to Platts assessments for S&P Global Commodity Insights. In Germany, solar values fell to a 2020-low averaging Eur46.84/MWh and capturing 80% of the average spot price. The Explorer shows the "capture price" renewable energy generators receive based on hourly output and pricing data on a monthly average basis. As such capture prices take account of the cannibalization effect caused by Europe's growing fleet of solar and wind farms and are a more accurate reflection of value than average day-ahead wholesale power prices. Elsewhere, Italian capture prices remained highest due to low renewables penetration and a gas-driven premium for the underlying power price. UK wind captured around 75% of wholesale market value in April averaging below GBP40/MWh with daily assessments ranging from GBP4/MWh to GBP78/MWh. Overall, combined wind and solar output across the Big Five markets rose 5% year on year to 49 TWh, while the number of negative hourly prices soared across many markets indicating longer periods of oversupply. For further information, see methodology or contact ci.support@spglobal.com The dial chart shows monthly wind, solar, nuclear, gas and coal-fired generation across Europe's five biggest power markets. Click a segment for more detail.

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