French Power Prices Go Negative With Solar Output at Record
Solar panel canopies in Marseille, France.
Photographer: Theo Giacometti/BloombergFrance’s power generation from thousands of solar panels hit a fresh record on Thursday, sending prices below zero as the grid gets flooded with cheap electricity.
The green technology produced a record 19.5 gigawatts at 2 p.m. in Paris, meeting almost 40% of the nation’s demand, according to data from grid operator RTE.