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.

  • sloppychops@lemmy.ca
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    2 days ago

    Although it’s not insurmountable with the advent of improved battery storage technology, this kind of dramatic change is an issue for existing baseload infrastructure. The French grid is basically designed around a nuclear baseload which many would already consider ‘green.’ Nuclear also comes with a very high capital investment, typically from public funds, and energy prices dropping below a certain threshold could impact repayment, public debt and interest costs etc.