CelloMom On Cars on Nostr: Growing pains Europe's Green #EnergyTransition Faces Unexpected Hurdles The rapid ...
Growing pains
Europe's Green #EnergyTransition Faces Unexpected Hurdles
The rapid expansion of #RenewableEnergy sources, particularly wind and solar, has led to an oversupply of electricity in #Europe, causing price to plummet.
This oversupply has resulted in decreased investment in offshore wind, as evidenced by recent failed auctions in Denmark and the United Kingdom.
https://oilprice.com/Alternative-Energy/Renewable-Energy/Europes-Green-Energy-Transition-Faces-Unexpected-Hurdles.html
Europe's Green #EnergyTransition Faces Unexpected Hurdles
The rapid expansion of #RenewableEnergy sources, particularly wind and solar, has led to an oversupply of electricity in #Europe, causing price to plummet.
This oversupply has resulted in decreased investment in offshore wind, as evidenced by recent failed auctions in Denmark and the United Kingdom.
https://oilprice.com/Alternative-Energy/Renewable-Energy/Europes-Green-Energy-Transition-Faces-Unexpected-Hurdles.html