Get the latest tech news
Germany Has Too Many Solar Panels, and It's Pushed Energy Prices Negative
An anonymous reader quotes a report from Markets Insider: Sunny days in Germany mean gray clouds for solar profitability as the nation's dive into renewables has left it with too much energy. According to a note from SEB Research, in the past 10 days, solar producers have had to take an 87% price cu...
An anonymous reader quotes a report from Markets Insider: Sunny days in Germany mean gray clouds for solar profitability as the nation's dive into renewables has left it with too much energy. Last year's record wave of solar installations are what's driving Germany's price "destruction" as inventory outpaces consumption. Unless new installations are spurred on by subsidies or power purchase agreements, oppressed profitability could eventually halt Germany's solar expansion, Schieldrop said.
Or read this on Slashdot
