Yep, the whole name of the game with renewables is overbuilding capacity (capital destruction) to be able to have sufficient capacity in times of need.

This leads to the near constant curtailment of renewables in many jurisdictions and is why many bitcoin miners are currently finding solid PPAs on renewable assets, but it is not because these are “good assets” to mine bitcoin with. It is because they are a terrible allocation of capital in desperate need of a solution.

Renewable investments were wasteful capital allocations made due to perverted diligence processes. Bitcoin is positioned to benefit from fiat mistakes.

Make no mistake, in most jurisdictions, “renewable” projects will not be built on a bitcoin standard. Oil and gas primarily … eventually transitioning to nuclear.