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home / news releases / FAN - Assessing The Significance Of Steel To The Global Wind Industry

FAN - Assessing The Significance Of Steel To The Global Wind Industry

First Trust Global Wind Energy
  • Steel prices have more than doubled in some regions between 2020 and 2021.
  • Steel is critical for both onshore and offshore wind turbines, making up 20% and 90% of turbine mass for onshore and offshore wind, respectively.
  • The recent steel price spikes alone could lead to increasing wind project CAPEX and LCOE of 6% and 4.5%, respectively.

For further details see:

Assessing The Significance Of Steel To The Global Wind Industry
Stock Information
Company Name: First Trust Global Wind Energy
Stock Symbol: FAN
Market: NYSE
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