From ESS News
Europe’s renewable energy market is faltering under the weight of its own success. The era of developing standalone solar projects backed by PPAs may be coming to a close, as midday solar generation sees price cannibalization and negative-price hours across multiple regions.
While still a relatively nice problem to have versus too little generation for decarbonization and general progress in terms of clean energy, it’s still a quandary. And those with funds – banks – are clearly clutching the purse strings tighter, which is making standard solar assets more challenging to finance. Hence, opportunities around colocation with large batteries.
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