Why Solar Power Is Overwhelming Europe’s Grid
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Solar has become Europe’s largest source of power during summer months, helped by government incentives, falling technology costs and a rapid buildout across rooftops and utility-scale projects. But that success is creating a new problem: on sunny days, Europe can produce more solar power than the system can absorb, pushing wholesale electricity prices to zero or below and leaving some renewable generators suffering from their own success. Industry experts say the answer is not less solar, but more storage, more flexible demand and stronger grids that can move power from where it is generated to where it is needed. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://t
Tags: David Westin, Electricity, Energy prices, Europe, Germany, Solar, State of the European Union, Transmission, Wood Mackenzie Ltd, battery, energy markets, green technology, grid, power market, power prices, renewables, rooftop, solar panels
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