China's Energy Grid Overwhelmed by Renewable Surge

China is building twice as much wind and solar energy production capacity as the rest of the entire world combined. While this runaway expansion is great news for the country’s decarbonization goals, it is putting strain on energy grids and energy markets, even leading to occasional negative energy prices in some areas. Chinese grid officials are reportedly decreasing output from turbines and solar panels this year to avoid overwhelming power lines. “With annual wind and solar installations booming and potentially allowing for an early…