If I may make a few observations and ask a few questions:
...even with 16% fluctuating PV and wind today we have some days with 80% of demand delivered by PV and wind...
...at 6x of todays production the value at the grid will be exactly 0ct/kWh for wind or PV in times with wind or sun...
These two points together are, I think, making some assumptions that are too static, and not realistic in the future scenario we are talking about.
Because... currently the PV and wind are subsidized, so they will continue to produce even when the marginal value of their output falls to zero cents/kWh. Thus forcing other producers to curtail output, or even accept negative rates.
In the future, unsubsidized, scenario with 6x PV+wind, wind producers will have no incentive to produce at negative reimbursement, so they will feather their turbines to reduce wearing out their capital for no gain. They will make a cost-benefit calculation about revenue needed to cover their marginal maintenance and replacement costs due to producing power at a given spot revenue rate. This will put a floor under the spot price.
So the consequences of overbuilding wind in order to reduce the need for storage...
1. reduced output vs theoretical capacity during high wind (wind producers produce at a small loss, but recoup operating costs);
2. 100% of demand met by wind at some intermediate average wind speed (with highly reactive producer control to avoid negative prices);
3. and less than 100% of demand met by wind at some much lower average wind speed - requiring backup, storage, or
variable demand.
Variable demand greatly reduces the need for backup and storage, does it not?
For PV, the mid-day peak in output needs to be broadened by aligning half of the panels to the southeast, and half to the southwest. Is anyone doing this in Europe to compensate for the oversupply at noon?
For PV's seasonality, what options would they have? There is no cost effective way to reduce output to follow demand. They would need, ideally, some seasonal storage since the biggest surplus in output is in summer, and the demand (in Europe) is in winter, right?
Seasonal storage must be hundreds of times more expensive than daily storage, as it cycles only once per year. So the only option I can see is resistive heating underground, like an artificial geothermal source for space heating - still seems expensive... Is there any other way?