한화그룹, 글로벌 그린에너지 시장 선도 박차
한화그룹-산업은행, ‘그린에너지 육성 산업·금융 협력프로그램’ 협약 체결
*아래는 위 기사를 구글 번역기로 번역한 영문 기사의 [전문]이다. [Below is the [full text] of an English article translated from the above article with Google Translate.
Hanwha Group spurs leading the global green energy market
Hanwha Group and Korea Development Bank signed an agreement for “Green Energy Fostering Industry and Finance Cooperation Program”
[Introduction of the case/ Reporter Park Yeon-pa] = On the 12th, Hanwha Group and Korea Development Bank signed an agreement for “Green Energy Promotion Industry and Finance Cooperation Program”.
The Korea Development Bank will supply up to 5 trillion won of funds over the next five years to Hanwha Group, which is expanding its eco-friendly energy business such as solar and hydrogen. This fund will be used for Hanwha Group's M&A, R&D, facility investment, and operating funds in eco-friendly energy fields such as solar and hydrogen.
Hanwha Group and Korea Development Bank decided to join forces to create a low-carbon industrial ecosystem. A fund worth 100 billion won will be created within the year to foster small and medium-sized businesses related to green technology. Hanwha and KDB raise 30 billion won, respectively, and 40 billion won from the private sector. This is expected to be good news as the SMEs and mid-sized companies can secure stable funds at low interest rates, so they can focus on securing fundamental technological competitiveness.
On the afternoon of the 12th, at the ceremony held at the Jincheon factory in the Hanwha Solutions Q-Cell division, Hanwha Group's solar power plant, including Chairman Lee Dong-geol of the Korea Development Bank, Dong-gwan Kim, CEO of Hanwha Energy, In-seop Jeong, CEO Seung-Duk Park of Hanwha General Chemical, Kwangho Choi, CEO of Hanwha Engineering & Construction, and Hyunsoo Cho, CEO of Hanwha Power Systems. Representatives of affiliates who are promoting eco-friendly green energy projects such as hydrogen and hydrogen were present.
Kim Dong-gwan, CEO of Hanwha Solutions, said in his greeting, "Hanwha Group will prepare for a new decade as a global green energy leader through the advancement of green energy business models and the development of next-generation new technologies." In relation to the ESG fund, he emphasized the meaning that "a step further together for shared growth with promising small and medium-sized companies will make the domestic green energy ecosystem even stronger."
This agreement is one of the industrial and financial cooperation programs promoted by the Korea Development Bank to foster major industrial ecosystems in Korea. In particular, Hanwha Group is the first target in the field of low-carbon and eco-friendly energy.
This is significant in that it has been officially recognized by policy and financial institutions for its achievements as a global eco-friendly energy company and efforts for ESG (environmental, social, governance) management activities.
Hanwha Q CELLS Jincheon Plant, where the agreement ceremony was held, is the first Korean renewable energy company to declare RE100. RE100 refers to replacing 100% of the electricity required for business activities with renewable energy. The Jincheon Plant is operating a 1.5MW solar power plant on the parking lot and rooftop, and plans to expand it to 3.5MW in the future. It was also the first in the industry to obtain a first grade in the solar module carbon certification system.
Hanwha Group prepares for a new decade as a global green energy leader
In this year's New Year's address, Hanwha Group Chairman Seung-yeon Kim emphasized, "As a leader in the global renewable energy field, we must actively respond to climate change and accelerate environmental management to lead the era of zero carbon."
As CEO Kim Dong-gwan mentioned at the signing ceremony, Hanwha Group plans to take a bold challenge as a global green energy leader through the advancement of business models and new technology development, such as the solar power business and the establishment of a green hydrogen value chain.
To this end, it is actively engaged in M&A, R&D, and recruitment of talented global companies related to solar and hydrogen. In addition, it has planned investment in the field of up to 9 trillion won for 5 years, and has successfully continued the issuance of rights offerings and green bonds (ESG). In addition, through an agreement with the Korea Bank, it is possible to further accelerate the eco-friendly energy business.
The strategy is to pursue sustainable growth by investing in the solar power business, which is expected to grow rapidly, as major countries in the world, such as the United States, Europe, and China, as well as Korea, are declaring a major transition to new and renewable energy. It plans to change from a business model that simply produces and sells solar modules to a differentiated service company based on information technology (IT).
The world's first next-generation high-efficiency solar module, perovskite tandem cell, is expected to increase its competitiveness in the premium market and expand its market share. In addition, it actively invests in solar power projects that develop, construct, and operate solar power plants in the United States and Europe. Through the acquisition of US software company Growing Energy Labs (GELI), it is also expanding its distributed power generation-based virtual power plant (VPP) business that integrates and sells surplus power by analyzing data related to power consumption patterns with artificial intelligence (AI) technology.
In the field of hydrogen economy, it invests in the field of green hydrogen that produces hydrogen from renewable energy such as solar and wind power. The strategy is to secure synergy and strengthen market competitiveness by building business capabilities in the entire value chain such as green hydrogen production, storage/distribution, and charging through water electrolysis technology.
To this end, the Hanwha Solutions Hydrogen Technology Research Center is developing a next-generation'anion exchange membrane water electrolysis technology (AEMEC)' that compensates for the shortcomings of the existing water electrolysis technology that consumes a lot of power. This is a water electrolysis technology suitable for new and renewable energy because it is easy to respond to load fluctuations and has low investment costs. With the acquisition of US high-pressure tank company Shimaron, it has secured competitiveness in the hydrogen tank sector as well. It aims to mass-produce ultra-high pressure, ultra-large, and ultra-light hydrogen tanks for land mobility in the future.
Hanwha General Chemical acquired related technologies for the first time in Korea by acquiring PSM in the United States and ATH in the Netherlands, which possess global-level gas turbine performance improvement and hydrogen mixing plant remodeling technologies. In the future, Hanwha plans to advance into an eco-friendly private power generation business that uses hydrogen as an energy source through the development and demonstration of the gas turbine of the hydrogen mixed gas.
Hanwha affiliates' green bonds (Green Bond) success, Hanwha Solutions paid-in capital increase
Hanwha affiliates are also actively issuing green bonds (green bonds) for investment in eco-friendly energy business. The volume of issuance this year alone reached 700 billion won, exceeding the expected demand forecast, and the box office boom is continuing. Green bonds are special purpose bonds for financing eco-friendly projects such as new and renewable energy, and are one of the ESG bonds that can be issued only after obtaining certification from an accredited agency.
Hanwha issued 150 billion won worth of green bonds in early May to use it for investment in eco-friendly business. In April, Hanwha Solutions held the first overseas public offering of green bonds for institutional investors in Europe and Asia. The amount of 1 billion yuan (approximately 170 billion won) will be used for expansion of new and renewable energy businesses such as solar power and hydrogen along with the existing capital increase. Hanwha E&C plans to invest 120 billion won in green bonds issued by Hanwha E&C in the construction of eco-friendly buildings and railway construction projects to reduce greenhouse gases. In April, Hanwha Aerospace also issued an ESG bond of 260 billion won to create the UAM industrial environment, which is a future eco-friendly urban transportation method.
Meanwhile, Hanwha Solutions secured a fund worth 1.5 trillion won through a paid-in capital increase in March. This is for preemptive investment in solar power and green hydrogen business in line with the trend of the times when the great energy conversion and carbon neutrality are the hot topics around the world.
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