Every additional solar farm lowers the price every existing solar farm receives. That is not a market failure; it is the market working.
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Every additional solar farm lowers the price every existing solar farm receives. That is not a market failure; it is the market working.
The only large European system to fail while running on 78% renewables. The investigation produced a more precise answer than the argument did.
Successive funds bought control, the free float collapsed, a takeover failed — and the company had to buy its own shares to restore a market in them.
A 14.5% fall in the oil price produced a 15% fall in adjusted profit. That relationship is the whole strategic problem.
Generating clean power is a competitive business with falling prices. Owning the wires is a monopoly with a guaranteed return. Iberdrola picked the wires.