The Financial Times reports that “Goldman Sachs’s private equity arm is doubling down on its investment in an Indian wind farm company, putting another $135m into ReNew Wind Power, in a sign of the increasing interest in Asian renewables.”
Could that type of investment spread to the US market?
As far as metals that go into the renewable energy industry, this past week, US steel plate dropped 2.2 percent on the weekly Renewables MMI®, the week’s biggest mover.
Korean steel plate traded sideways last week. Also, the price of Japanese steel plate did not change since the previous week.
Chinese renewables prices were flat for the week. No movement for Chinese cobalt cathodes, silicon remained essentially flat from the previous week, neodymium remained unchanged, and Chinese steel plate prices held steady.
US grain-oriented electrical steel (GOES) remained essentially flat, dropping ever so slightly.
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. 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.