Austria May See High Costs, As Germany Shifts to Green Power

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“Weather-driven surges of German solar and wind power may lead to higher costs for Austria as its grid is forced to take measures to avoid breaking down, a Austrian energy regulator said, calling for a region-wide solution to excess flows,” reports Reuters.

“Martin Graf, who shares leadership of the Vienna-based E-Control authority with Walter Boltz, said Austria already must deal with a constant unwanted supply of 2,000 megawatts of power from northern Germany that flows into its grid via Poland and the Czech Republic, he said.”

“Germany has been slow to build power lines to ensure its growing renewables supply flows to its own market.”

In metal price news for renewables…

With a 2.8 percent increase over the past week, Chinese cobalt cathodes was the biggest mover on the weekly Renewables MMI®. Silicon remained unchanged for the week. The price of neodymium did not change since the previous week. The week finished with no movement for Chinese steel plate.

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Following a steady week, prices for Japanese steel plate closed flat. Korean steel plate prices held steady from the previous week. Chinese steel plate remained essentially flat from the previous week. Prices for US steel plate remained constant, closing the week.

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US grain-oriented electrical steel (GOES) saw essentially no change for the fifth day in a row.

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.