Wu Jihan has suggested that Bitcoin mining could serve as a solution to Europe's growing issue of excess solar energy. According to Wu, the challenge is not increasing solar power generation but rather finding flexible electricity demand to absorb the surplus. He referenced a report by energy research firm Pexapark, highlighting significant declines in solar capture factors across Europe. In France, the solar capture factor dropped from 0.42 to 0.10 in April 2026, with nearly half of solar power generated during negative price periods. Germany experienced 123 hours of negative electricity prices in April, a 65% increase from the previous year, with 46.8% of solar power generated in negative price zones. Spain's solar capture factor fell from 0.71 to 0.18, with negative price hours rising to 148.
Wu emphasized that the rapid pace of solar deployment has surpassed grid flexibility development. He advocates for the use of interruptible loads, such as Bitcoin mining, which can be activated during periods of excess electricity and shut down during grid stress. This approach could reduce energy curtailment, improve photovoltaic project profitability, and enhance the financial viability of power generation and grid infrastructure investments.
Wu Jihan Proposes Bitcoin Mining as Solution for Europe's Solar Energy Surplus
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