The monthly Renewables MMI® registered a value of 67 in March, a decrease of 1.5 percent from 68 in February.
Exelon Corp., for one, as this article reports, is still gung-ho on its renewable energy investment plans, with more facilities slated to come online. However, in the much longer term, wind power may indeed prove to be untenable, based on a Harvard engineering school study that was just released.
“The latest research in mesoscale atmospheric modeling, published today in the journal Environmental Research Letters, suggests that the generating capacity of large-scale wind farms has been overestimated,” according to the report.
Looking at recent trends, US power construction spending is back down for January 2013, clocking in at $99.63 billion – this after two straight months of increases.
Primary Price Drivers for Renewable Energy Metals Index
The US steel plate price was down 1.9 percent for the month. The US grain-oriented electrical steel (GOES) coil price also dropped, by 1 percent.
The price of neodymium closed the month after dropping 6.6 percent.
The price of Chinese cobalt cathodes held steady last month. Prices for silicon remained constant. The price of Korean steel plate held flat. The price of Japanese steel plate remained steady as well.
The Renewables MMI® collects and weights 8 metal price points used extensively within the renewable energy industry to provide a unique view into renewable energy metal price trends over a 30-day period. For more information on the Renewables MMI®, how it’s calculated or how your company can use the index, please drop us a note at: info (at) agmetalminer (dot) com.