Belgian solar power generation and energy storage prices

Does Belgium have a solar power market?

Belgium's electricity market has long struggled to handle the solar power generated by households and businesses. In 2023 electricity prices on the Belgian wholesale market dropped below zero for a record 222 hours. Halfway through 2024 this record has already been surpassed with 262 hours of negative prices so far this year, De Tijd reports.

Is solar power breaking a new record in Belgium?

With a 23% increase in installed capacity, solar is breaking many records. Renewable generation in Belgium hit a new record, accounting for 29.8% of the electricity mix (compared to 28.2% in 2023). Gas-fired generation hit an all-time low, making up 17.6% of the generation mix (compared to 25.2% in 2023 and 26.9% in 2022).

How much solar power does Belgium have in 2024?

In 2024, Belgium solar power capacity saw a remarkable boost with the installation of 9.8 GW, marking an impressive growth rate of 16.66% compared to the previous year. As a result, the total Belgium renewable energy capacity has reached 60.12 % of the Belgium's energy mix.

Is solar power a major issue for Belgium's electricity infrastructure?

Elia warns solar power flowing into the grid unrestrained is a major issue for Belgium's electricity infrastructure. It urges measures to improve flexibility at moments of peak production.

Why should you invest in solar energy in Belgium?

Solar energy can be utilized to power EV charging infrastructure, reducing carbon emissions and promoting the use of renewable energy in the transportation sector. Market Expansion and Job Creation: The Belgium Solar Energy Market is expected to witness market expansion and job creation in the renewable energy sector.

When did solar power grow in Belgium?

Installed capacity grew at an outstanding pace from 2008 until 2012, but growth then slowed to a steady pace before the large increases in 2022. Almost all of solar power in Belgium is grid connected. 2007 Installed capacity of solar power increased drastically after 2007.