India’s onward march to boost its renewable energy capacity and build domestic capacity for making solar equipment got fresh impetus when Adani Green Energy Ltd won a bid to make 8 GW of photovoltaic solar power projects over the next five years.
India imports about 90% of its solar equipment today, so this development could serve to lessen that import dependence.
JJ Gouin/Adobe Stock
This morning in metals news, GFG Alliance is preparing for the realities of the post-COVID-19 world, the U.S. set wind power records this spring and Chinese lead stocks recently doubled.
This morning in metals news, the Aluminum Extruders Council has released a statement calling for the U.S. to rescind its aluminum import tariffs, U.S. raw steel production came in at a capacity utilization rate of 53.3% for the week ending June 6 and Thyssenkrupp plans to partners with RWE on technology aimed at curbing emissions from steel production.
This morning in metals news, U.S. petroleum demand took a hit on the heels of the coronavirus outbreak, the Carbon Trust is lobbying for clearer common standards for what can be called “green” aluminum and Australia’s iron ore sector could be set to receive a boost.
The COVID-19 pandemic has taken its toll on India’s solar power program.
This morning in metals news, aluminum maker Norsk Hydro recently announced the formation of a joint venture that will aim to recycle electric vehicle batteries, the Aluminum Association reiterated its stance on the need for an aluminum import monitoring system and a Dutch bank says gold prices are expected to drop.
Before we head into the weekend, let’s take a look back at the week that was and some of the metals storylines here on MetalMiner:
Renewables are not normally a core topic of ours. In recognition of the growing importance of the sector and the legal and incentive landscape that is encouraging investment in such technologies, MetalMiner does produce a Renewables Monthly Metals Index (MMI) that tracks metal input costs to the sector.
But, as a rule, we tend not to cover the sector directly, so see this as a stroll off the reservation today as two posts this week in the Financial Times present both short-term negative issues and longer-term positive issues that some readers may find of interest.
This morning in metals news, the Aluminum Association sent a letter to U.S. Trade Representative Robert Lighthizer restating its support for exemptions to the Section 232 tariffs on imported aluminum, ground preparation has begun for a new electric vehicle battery cell production facility in Lordstown, Ohio, and the E.U. has disbursed a loan of €75 million to ArcelorMittal for its work on technology to reduce carbon emissions.
When traditional power generation companies start talking retail solar power, it’s time to sit up and take note.