See the latest CWE Solar forecast for peak-load hours starting this morning for the next seven days. CWE peak solar forecast has been revised lower over 20-22 May by between 4.8-6.5GW but will still be at 29-30% load factors.
CWE Solar for 16-22 May
22 May: 46.07GW
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BTP futures rallied sharply higher Monday. The rally resulted in a break of resistance at 119.07, the Apr 4 high. The breach confirms the end of recent Apr 4 - 9 correction and cancels what appeared last week to be a developing bearish threat. Sights are on 119.29, 76.4% of the Feb 28 - Mar 14 bear leg (pierced). A clear break of this level would open 120.12, the Mar 4 high. Initial support to watch lies at 117.91, the 20-day EMA.