Europe's Solar Capture Factor Plummets 75% in France; Germany Records 123 Hours of Negative Prices in April

GateNews
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According to Wu Jihan on X and energy research firm Pexapark, Europe's solar oversupply problem has deteriorated sharply in April 2026. France's photovoltaic capture factor dropped 75% year-over-year to 0.10, with roughly half of solar generation occurring during negative-price periods. Germany recorded 123 hours of negative electricity prices, a 65% increase, affecting 46.8% of solar output. Spain's solar capture factor plummeted from 0.71 to 0.18 year-over-year, with negative-price hours rising from zero to 148. Wu Jihan attributed this to solar deployment outpacing grid flexibility improvements and suggested bitcoin mining and other interruptible computational loads could serve as a "last buyer" for excess renewable energy, reducing curtailment and improving project economics.
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