Blame it on the birds. “The developers of a project to expand the world’s largest offshore wind farm, Britain’s London Array, said a requirement for a study of its impact on birds was forcing them to scrap the plan,” reports Reuters.
“It would take at least three years to complete a necessary assessment of the potential impact to birdlife from the expansion, the consortium of Dong Energy, E.ON and Abu Dhabi state-owned energy investor Masdar said on Wednesday.”
“The project would have added 200 megawatts of capacity to the existing 630 MW wind farm in the Thames Estuary.”
In metal price news for the renewable energy sector…
Prices for Chinese cobalt cathodes saw the biggest increase on the weekly Renewables MMI® this week, rising 0.5 percent. The price of silicon did not change since the previous week. Following a steady week, prices for neodymium closed flat. Chinese steel plate prices held steady from the previous week.
Japanese steel plate traded sideways last week. The week finished with no movement for Korean steel plate. Chinese steel plate remained essentially flat from the previous week. Following a 0.1 percent increase, US steel plate finished the week.
US grain-oriented electrical steel (GOES) held steady.
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.