Views: 0 Author: Site Editor Publish Time: 2024-07-20 Origin: Site
According to the Fraunhofer ISE report, in the first half of 2024, Germany's renewable energy generation reached 140TWh, accounting for 65% of public net power generation, more than ever before. Fossil fuel power generation continues to decline, and trading electricity prices are also falling.
Wind power once again became the largest source of electricity, reaching 73.4TWh, compared with 66.8TWh in the same period last year. Wind power accounted for 34.1% of public net power generation, of which 59.5TWh was generated on land and 13.8TWh was generated at sea. Photovoltaic power supplied 32.4TWh to the grid, an increase of 15% compared with the first half of last year (28.2TWh). The half-year value of hydropower generation increased from 8.9TWh in 2023 to 11.3TWh in 2024, while biomass power generation fell slightly from 21.6TWh to 20.8TWh. In short, renewable energy generation reached 140TWh, setting a new record. In the first half of 2024, renewable energy accounted for 60% of the load (i.e. the sum of electricity consumption and grid losses), an increase from 55.7% in the same period last year.
Total electricity generated in the first half of 2024 was 215TWh, compared to 222TWh in the same period of 2023. The share of fossil fuels in the energy mix continued to decline, from 39.6% to 35.0%. Coal, gas and oil generated 5TWh, which is less than ever before. Since 2015, electricity generated by renewable energy has increased by 56%, while electricity generated by fossil energy has decreased by 46%.
Electricity load in the first half of this year reached 233TWh, an increase of 1.8% compared to the same period last year (229TWh).
The electricity exchange price fell sharply from 100.54 euros/MWh to 67.94 euros/MWh. "The impact of the fall in transaction prices will ultimately be reflected in electricity prices for individual and industrial end users," said chief scientist Bruno Burger. Natural gas prices also fell sharply from 44.99 euros/MWh to 29.71 euros/MWh. Both prices are therefore closer to the levels of the years before the Russian-Ukrainian conflict, and the cost of carbon emissions has also fallen from 86.96 euros per ton to 63.6 euros.
After a record expansion of 15.3 GW of photovoltaic power generation capacity in 2023, the growth momentum in 2024 remains strong. As of the end of May 2024, Germany has an installed photovoltaic power generation capacity of 6.2 GW. The total planned expansion in 2024 is 12.5 GW, which will bring the total installed photovoltaic capacity to 88.9 GW. On the other hand, the expansion of wind power generation remains weak and is far from the target for 2024. In the first half of 2024, the newly added onshore wind power installed capacity was only 0.8GW, and the offshore wind power installed capacity was 0.2GW. The expansion target for 2024 is to reach 7GW onshore wind power installed capacity and 1GW offshore wind power installed capacity.
Energy storage is of great significance in peak shaving and valley filling, and related work is in progress. In the first half of 2024, 1.8GW/2.5GWh of energy storage systems have been connected to the grid. At present, the installed capacity of electrochemical energy storage has reached 9.9GW, which is equivalent to the installed capacity of pumped storage. In terms of energy storage capacity, electrochemical energy storage is 14.4GWh and pumped storage is 14.5GWh.
Data source: Fraunhofer ISE
