NdPr generates clean Energy
Annual growth rate/ CAGR for new installed capacity was 24% between 2000-2015. 1 megawatt of an Direct Drive Wind Turbine contains approx. 200kg pure Nd/Pr oxide.
Countries are looking for ways to use clean, green, environmentally friendly solutions for energy supply. Renewables are gaining market share year by year, and permanent magnet Direct drive wind turbines are at the forefront of this change. Comparing the unsubsidized levelized cost of energy, Wind and Solar are on the way becoming some of the cheapest energy sources globally. Although not able to singularly manage the overall base load of the networks, Wind and Solar solutions will contribute significantly to the overall energy mix. China announced in December of 2016 that it plans to invest another $360 billion into renewables by 2034 and has stopped construction or planning on over 100 coal plants.
"China to plow $361 billion into renewable fuel by 2020"
BEIJING (Reuters) - China will plow 2.5 trillion yuan ($361 billion) into renewable power generation
"Report: JRC Wind Energy Status Report – 2016 Edition"
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