Lable——Industry frontier , global news
Western Europe
Danish photovoltaic giant faces operational crisis, Sydbank's impairment of 450 million euros triggers financial shock
The investment environment in the European photovoltaic market has deteriorated. Better Energy, one of Denmark's most important photovoltaic developers, announced that its two main subsidiaries had applied for restructuring and were facing bankruptcy . The company had laid off more than 40% of its employees in November. As a result, Denmark's third largest listed bank, Sydbank A/S, suffered an impairment loss of up to 450 million , and its stock price plummeted by 8%, and the Danish financial system was hit.
Better Energy said that due to the large amount of green energy grid connection, the price of renewable energy in Europe fluctuated sharply, and the demand for green energy also showed a downward trend. In addition, the cost of new energy projects in Europe remained high, interest rates rose, and supply chain operations were difficult, and the green energy transformation process faced tremendous pressure .
Founded in 2012, Better Energy is a major developer of ground-based renewable energy power station projects in Denmark, accounting for more than half of the country's new projects since 2020. Better Energy said it hopes to raise enough funds through this bankruptcy reorganization to resume operations.
Central Asia
Kazakhstan's one billion USD venture fund targets regional startups and global markets, may include new energy
The Kazakh government plans to launch a one billion USD venture capital fund in 2025 to attract regional start-ups and cutting-edge technology investments . The specific areas have not yet been announced, but it is likely to include new energy . The fund will be managed by the Kazakhstan Venture Capital Group, 30% of the funds will be invested in Central Asia and the Caucasus, and the rest will be invested in the United States and other international markets.
Kazakhstan is one of the leading countries in energy transformation in Central Asia. As the largest oil producer in Central Asia, Kazakhstan is trying to get rid of its dependence on energy income and promote green energy transformation. As of now, Kazakhstan has 957 MW of wind power installed capacity and 1,149 MW of solar power installed capacity, with the goal of green electricity accounting for 50% by 2050 .
Asia Pacific
South Korea will invest heavily in the development of solid-state batteries in an effort to break away from my country's upstream dependence
The South Korean government has pledged to invest 55 trillion won (about 38 billion U.S. dollars) in the next three years to build and improve the supply chain of key minerals and parts needed for key industries such as electric vehicles and battery manufacturing , in order to cope with the escalation of the Sino-US trade war and the possible impact of tariffs imposed by other countries on enterprises, and reduce dependence on external supply chains.
According to a statement from the Ministry of Finance of South Korea, the government plans to invest 25 trillion won in the development of cutting-edge technologies such as solid-state batteries by 2027 , and provide financial support for corporate mining exploration projects to further increase precious metal reserves. At the same time, it will also develop a local supply chain monitoring system and emergency plans to enhance industrial network security.
At present, South Korea relies heavily on China for upstream raw material supply , including 100% of graphite, 84% of lithium oxide, 83.3% of cobalt oxide, 77.6% of manganese and cobalt sulfate, and 69% of cobalt hydroxide.
Qcells efficiency 28.6% M10 silicon-based solar cell was successfully developed, a breakthrough in the field of perovskite stacked cells
The Qcells subsidiary of Hanwha Group announced that it has successfully developed M10 large-size silicon-based solar cells with an efficiency of 28.6% . The company has made a breakthrough in the field of perovskite stacked cells, which is expected to significantly reduce the installation area and cost required for solar power generation projects.
Qcells said that the battery was produced by a German R&D center and its efficiency has been certified by the Fraunhofer Institute for Solar Energy Systems in Germany . In the next step, Qcells will continue to promote the large-scale commercial application of this battery.