Capitalists Alarmed as Renewables Keep Making Electricity Temporarily Free

The supply of renewable energy is soaring across Europe, to the point where the cost of electricity is dropping to zero — and even, in some rare instances,

On one hand, that's a boon for plenty of consumers, not to mention the environment. But businesses are now starting to worry that these upside-down economics could cause the demand for bigger and better renewable power projects to taper off, "Negative pricing is going to slow down the deployment of renewable capacity for most players," solar developer Sonnedix CEO Axel Thiemann told the outlet. "That affects your ability to invest at reasonable levels."It's a bizarre inversion of benefits and incentives. Negative power prices occur when high power generation coincides with low demand, something that tends to happen most often on public holidays.

Investors are also growing wary of dropping revenues, which could ironically disincentivize them from investing in new renewable power sources.

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