Dramatic Changes Sweeping European Grid

A $520 million dollar, power station in Bavaria,
. . . built just 3 years ago, having hardly been used and losing money,
. . . the owners of Irsching-5 (pictured below) are threatening to close it.

It’s just one illustration of the dramatic changes,
. . . that are sweeping the European energy industry,
. . . because of the growing impact of wind and solar.

Solar is “cannibalising” the earnings of the centralised generators,
. . . which are unable to cut their output to changing demand conditions, and
. . . will be increasingly exposed to times when they have to generate power
. . . when the fuel cost is higher than the spot price.



Source:  cleantechnica