Google Inc is continuing its green efforts and has decided to “provide $145 million in fundings for an 82-megawatt SunEdison Inc. solar power plant in southern California, the latest renewable energy investment from the technology company,” reports Bloomberg.
The Regulus project “will be the 17th renewable energy project funded by Google, which has agreed to invest more than $1.5 billion in renewable energy with a combined capacity of more than 2.5 gigawatts….The project will sell power to Edison International utility Southern California Edison under a 20-year contract.”
Neodymium finished as the week’s biggest mover on the weekly Renewables MMI® after dropping 1.3 percent and landing at CNY 385,000 ($62,690) per metric ton. Following a steady week, prices for Chinese cobalt cathodes closed flat at CNY 231,000 ($37,614) per metric ton. Closing at CNY 13,900 ($2,263) per metric ton, silicon remained unchanged for the week. Prices for Chinese steel plate remained constant, closing the week at CNY 3,590 ($584.56) per metric ton.
At JPY 76,000 ($715.93) per metric ton, the price of Japanese steel plate did not change since the previous week. Korean steel plate remained essentially flat from the previous week at KRW 900,000 ($878.51) per metric ton. Chinese steel plate traded sideways last week, hovering around CNY 3,590 ($584.56) per metric ton. At $881.00 per short ton, the week finished with no movement for US steel plate.
US grain-oriented electrical steel (GOES) saw little price change on Tuesday at $2,691 per metric ton.
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