Boom of home solar panels in Australia: large power plants became unprofitable

In Australia, the owner of a solar power plant was forced to disconnect 16 thousand panels due to the unprofitability of their operation. Large solar farms without batteries turned out to be redundant due to an excess of cheap energy, leading to profit losses.More than 4 million homes in Australia already have solar panels, which has caused a drop in electricity prices. The terms of contracts with energy companies have left owners of solar power plants with significant losses, forcing some to halt their operations.Experts emphasize the need for implementing energy storage systems to optimize solar energy use. This requires changes and new technologies in the industry for efficient production and utilization of green energy.