Cleaner Tech
Spain’s Excess Supply of Solar Energy May Curb Some New Projects
- Storage may fall short of fully offsetting glut, study says
- Aurora report compares Spanish and Californian energy markets
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An oversupply of solar power in Spain has pushed prices so low this year that some projects may not be built due to a drop in profitability, according to Aurora Energy Research Ltd.
The excess solar production is so large that a boost in storage with new batteries may not be enough to fully improve the market’s economic outlook, the UK firm said in a study.