Does this graph make sense in terms of PV versus grid supply

A search here should have revealed the answer - I have answered this at least once before. They are the accumulated Energy values.
(EmonTx values and calibration question)

I doubt it is documented for the sketch you’re using, but the new EmonTxV34CM_rfm69n sketch has the identical output format, and that’s documented here: The emonPiCM