"The problem is that solar panels generate lots of electricity in the middle of sunny days, frequently more than what’s required, driving down prices—sometimes even into negative territory." technologyreview.com/2021/07/14/102…
"The state’s average solar wholesale prices have fallen 37% relative to the average electricity prices for other sources since 2014, according to the Breakthrough Institute analysis."
"The state’s SB 100 law, passed in 2018, requires all of California’s electricity to come from “renewable and zero-carbon resources” by 2045. By that point, some 60% of the state’s electricity could come from solar, based on a California Energy Commission model."
"The Breakthrough study estimates that the value of solar–or the wholesale average price relative to other sources–will fall by 85% at that point, decimating the economics of solar farms, at least as California’s grid exists today."
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