German Solar Boom to Save Gas Use This Summer, Easing Iran Shock

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.