Massive Wind Power Contract Win for Siemens; US Steel Plate Gains

by on

A big win for Siemens… On Monday, the company said “it was won a contract to supply wind turbines for five wind power projects in Iowa in the United States,” reports Industry Week.

“Siemens said in a statement that it secured a contract from MidAmerican Energy to supply a total 448 wind turbines with a total capacity of 1,050 megawatts.”

FREE Download: The Monthly MMI® Report – covering the Renewable Energy metals market.

“‘This represents not only the largest order for onshore wind turbines for Siemens, but also the largest single order for onshore wind power awarded globally to date,’ the statement said.”

In metal price news for renewables…

The week’s biggest mover on the weekly Renewables MMI® was US steel plate, which saw a 0.8 percent increase. Korean steel plate traded sideways last week. Following a steady week, prices for Japanese steel plate closed flat.

* Get the complete prices every day on the MetalMiner IndX℠

Chinese renewables prices were flat for the week. Prices for Chinese cobalt cathodes remained constant. The week finished with no movement for silicon. Neodymium remained unchanged for the week. The price of Chinese steel plate did not change since the previous week.

US grain-oriented electrical steel (GOES) remained essentially flat.

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.