How Rare Earth Prices Affect Direct Drive Wind Turbine Costs
Rare earth prices directly impact direct drive wind turbine costs by increasing the expense of high-performance permanent magnets. Because these turbines lack gearboxes, they rely on Neodymium and Dysprosium to maintain efficiency, making their total CAPEX sensitive to market volatility. Most large offshore wind turbines built today have no gearbox. Instead, the slowly turning rotor…