Aluminium and stainless steel are two renewable energy sources with high raw material needs. However, this is also a significant stimulus for the metal sector.
After all, 1 megawatt of renewable energy costs 15 times as much as a conventionally generated plant in raw materials like steel, stainless steel, and aluminum. With up to 200 tonnes per megawatt, the European photovoltaic sector alone might require at least 6 million tonnes of ferrous and non-ferrous raw materials in 2022, assuming at least 30 GW of additional capacity. Up to 4 million tonnes of aluminum, stainless steel, steel, and copper will be required for the more than 18 GW of anticipated wind energy.
The materials and information on this article have been prepared or assembled by Viet Nam Steel and are intended for informational purposes only.