German Solar Boom Saves Nine LNG Cargoes to Ease Iran War Shock

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Solar Power:German solar power generation is set to surge this summer, helping to shield Europe from some Iran war fallout as it curbs demand for liquefied natural gas imports. Solar output in Europe’s largest power market will average about 16.5 gigawatts from April to September, up roughly 31% from a year earlier, according to BloombergNEF data. That will reduce gas demand for power generation by about 29% over the same period — the equivalent of about nine LNG cargoes, according to Bloomberg calculations.