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French Power Price Plunges Below Zero as Solar Swamps the Grid (www.bloomberg.com)

submitted 3 days ago by [email protected] to c/[email protected]

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cross-posted from: https://lemmy.world/post/27655861

cross-posted from: https://lemmy.world/post/27655856

Europe’s booming solar generation is overwhelming the region’s grids, sending power prices slumping far below zero.

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[–] [email protected] 15 points 3 days ago (2 children)

In Capitalism, too much renewable, clean energy is a problem.

[–] [email protected] 4 points 3 days ago

Won't someone please think of the stranded assets! There are returns that will go unrealized. Actually this is not sustainable since how will coal mines or oil wells get dug if there's no market for the product?

Please, just give us tax breaks for hydrogen or nuclear or hydrogen-powered nuclear, we don't care... anything but sun and wind!

[–] [email protected] 1 points 2 days ago

Any grid will have an issue if you produce more than you use.

There are plenty of excellent reasons to criticize capitalism, but this isn't one of them...