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Comment on Bloomberg: Spain Built Too Much Solar. Investors Want Out

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I guess this is a variation of a pork cycle, but, I expect, with only one cycle because people taking down solar capacity remains less attractive than keeping running it at lower revenues.

https://en.wikipedia.org/wiki/Pork_cycle:

“In short, the pork cycle runs as thus:

- As pork, being a rare good, is a high-priced item, a few farmers decide to start raising pigs. While pig supply is limited, prices remain high.

- More farmers realise the value potential and also begin raising pigs. As more and more piggeries come 'online' and start delivering pigs, the price begins to decrease.

- At some point, demand and supply equalise. Pig farms are still producing pigs and supply begins to outstrip demand. The prices decrease further. Pork becomes a common commodity, and consumers may get bored of pork.

- In view of the decrease in prices, farmers turn away from raising pigs, and go back to more valuable crops or livestock.

- As a result, the pork supply begins to decline, eventually below demand, and then pork goes back to being a high-priced item.

- The cycle begins all over.”

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