☀️ Europe’s Negative Power Prices Undermine 2030 Clean Energy Goals Bloomberg reports that waning profitability risks slowing renewable expansion in Europe. 🇪🇺Europe is on track to miss its 2030 targets for clean energy as increasingly frequent bouts of negative prices discourage investors from backing new projects. Excess solar and wind frequently push power prices below zero. 📊EU solar and wind capacity will rise to about 850 gigawatts by 2030, falling short of the goal for around 1,100 gigawatts set out by national energy and climate plans. Outdated subsidy schemes are partially to blame. 🌥On the sunniest or windiest days, electricity can flood the grid, which causes prices to turn negative and users can be paid to consume. However, because of how subsidies work for renewable generators, some are incentivized to keep producing even when prices drop below zero, further distorting the market. Read full: ⬇️⬇️⬇️ en review.uz/en/xw2 ru review.uz/xw2 More analytics ⬇️⬇️⬇️ © Экономическое обозрение © Иқтисодий шарҳ © Economic Review telegram | facebook | twitter|linkedin