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Sunday, July 3, 2016

A case for ending fossil fuel use

Chile is generating so much solar power that it’s giving it away for free

In recent years, Chile has invested so much in its solar power industry that the country is now generating more electricity from the sun than it knows what to do with. A new report reveals that spot prices on solar electricity dropped to zero for 113 days of the year through April, and many more days of free solar power are expected to come. Taking advantage of free solar power is a huge benefit for residents, but analysts are concerned about how this will impact the market, since investors and owners of solar power plants may lose money.

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