Thanks to fees from its state cap-and-trade law, Northern California homeowners will soon start receiving completely free crystalline silicon photovoltaic solar panels.
Oakland nonprofit Grid Alternatives is using $14.7 million raised through the state’s cap-and-trade system to install the panels in lower income neighborhoods for free. The fees were paid by industries whose emissions exceeded the state “cap” set by the new law. The fees were donated by state to Grid and the money came out of the Greenhouse Gas Reduction Fund (GGRF), also established by the cap-and-trade law.
Silicon was the biggest mover this week on our renewables MMI, as well.
Actual Renewables Prices
The week’s biggest mover on the weekly Renewables MMI® was the price of silicon, which saw a 8.2% increase to CNY 15,800 ($2,547) per metric ton. This comes on the heels of a 7.6% decline the week prior. The price of neodymium declined 1.3% over the past week, settling at CNY 370,000 ($59,636) per metric ton. Chinese steel plate saw a 1.2% decline over the past week to CNY 2,500 ($402.95) per metric ton. Chinese cobalt cathodes remained essentially flat from the previous week at CNY 226,000 ($36,427) per metric ton.
Japanese steel plate traded sideways last week, hovering around JPY 80,000 ($657.87) per metric ton. The price of Korean steel plate declined 2.1% over the past week, settling at KRW 470,000 ($428.90) per metric ton. Chinese steel plate fell 1.2% over the past week to CNY 2,500 ($402.95) per metric ton. At $568.00 per short ton, the week finished with no movement for US steel plate.
US grain-oriented electrical steel (GOES) was unchanged at $2,571 per metric ton.
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.