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17 June 2025 | 17:00 UTC
By Andreas Franke and Maxim Grama
(Latest update: June 17, 2025)
Record wind and solar generation across Europe's five biggest power markets in May deflated market values of renewables further, Platts Renewable Energy Price Explorer shows.
Spanish solar was again hit hardest despite widespread curtailments in the wake of the April 28 blackout resulting in reduced solar production.
The monthly average plunged to Eur5.41/MWh with Spanish solar capturing only 32% of May's spot power average.
In Germany, solar values fell to a five-year low in May, capturing only 51% of the average power price amid a record number of negative hourly prices.
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 wholesale power prices.
The first year-on-year gain for wind in seven months added bearish pressure and reduced wind capture prices.
Monthly wind and solar production exceeded 50 TWh for the first time, reducing gas and coal production to 20 TWh, the lowest on record for the Big Five markets.
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.