According to the German Transmission System Operator, the market value of solar energy in Germany increased by 0.07 euros from June to July, reaching an all-time high of 0.026093 euros/kWh. Electricity spot market prices also rose sharply, rising by almost €0.10 to €0.0315/kWh in July.
The market value of both onshore and offshore wind soared to €0.0278/kWh and €0.0287/kWh, respectively. This means that the value of wind energy has almost doubled compared to May, while spot prices have risen sharply.
The Fraunhofer ISE has published a new record for solar power generation for the third month in a row. The data showed that Germany's photovoltaic systems generated 8.223 terawatt-hours of electricity, the second time since June that it exceeded 8 terawatt-hours.