Solar and wind power peaked at 2 p.m. local time on Sunday, allowing renewables to supply 45.5 GW as demand was 45.8 GW, according to provisional data by Agora Energiewende, a research institute in Berlin. Power prices turned negative during several 15-minute periods yesterday, dropping as low as minus 50 euros ($57) a MWh, according to data from Epex Spot.
Countries around Europe are building increasing amounts of renewable capacity in order to reduce their carbon emissions and boost supply security. Last year Denmark’s wind farms supplied 140 percent of demand. [ren] In 2015, the average renewable mix in Germany was 33%. Germany plans to reach 100% of renewable energy by 2050. [emp]
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