Europe's Biggest Independent Solar Operator Just Went Bankrupt

The soaring wind and solar capacity installations in Germany have created an unsustainable business and project economics environment in the sector amid slower grid expansion and electricity generation curtailments. In 2023, Germany crossed the 50% mark of the share of renewable energy in its electricity generation. This year, renewable energy accounted for a record-high 58% of Germany’s electricity consumption in the first half, up from 55.8% for the same period last year, estimates by industry associations ZSW and BDEW showed in July. Germany…