Wind Power In Trouble on Two Fronts
Wind
power is being squeezed on two fronts. Natural gas prices remain low,
limiting the financial incentive to install wind capacity. Meanwhile,
the Chinese government continues limit the supply of rare earth elements
(REE), and the magnets required for wind turbines use sizable
quantities of two of them, neodymium and dysprosium. Any interruption in
supply, accompanied with price shocks, could debilitate the wind
industry, whose struggle to become competitive is already being harmed
by the success of its competitors like natural gas.
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