For the fifth consecutive month, electricity prices in have decreased in Western Europe, due in part to increased solar and wind generation in Germany.
Germany currently gets about 25 percent of its electricity from renewable energy, and the goal is to increase that number to at least 80 percent by 2050.
German wind and solar output for the first three months of 2014 increased by 40 percent — or 6.5 terawatt-hours — compared with last year, according to the Platts data. Wind power increased 31 percent from the first quarter of 2013, while solar power increased 74 percent from more than a year earlier.
Germany’s combined wind and solar portfolio is more than 70 gigawatts, making them the country’s largest sources of power when measured by installed capacity.
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