Texas and California have too much renewable energy

Solar and wind power is coming online at rates unforeseen only a few years ago. That’s a good thing if your goal is to decarbonize the energy sector. But if you’re a utility or independent power producer and you make your money off selling electricity, it can be not such a good thing. In places with abundant wind and solar resources like Texas and California, the price of electricity is dipping more and more frequently…

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