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Germany has too many solar panels, and it's pushed energy prices into negative territory
(markets.businessinsider.com)
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this post was submitted on 24 May 2024
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Solar production is quite variable. This time of year there is often excess production, but in fall or winter there can still be shortages. So it may still be worth subsidizing more production, though there might be a debate as to how much subsidy should go to storage vs extra solar production. Another possibility is to come up with non-capital intensive ways to turn cheap electricity into something useful but I’m not totally sure what that would be.