Trump Paves the Way for Renewable Energy Leap, Why You Should Pay Attention Now | Hong Seonae, Han Byeonghwa, Eugene Investment & Securities Directors

Summary

Eugene Investment & Securities Director Han Byeonghwa discusses the US policy tailwinds and AI-driven power demand for Korean solar, wind, and battery sectors. He highlights specific beneficiaries like Hanwha Solutions, OCI, and CS Wind, and points to the upcoming US midterm elections as a key catalyst. The Korean government's new production tax credit further supports domestic green industry.

• US Section 232 solar tariffs with investment exceptions favor Korean manufacturers with US production, led by Hanwha Solutions.
• OCI stands out as one of the few non-China polysilicon suppliers, set to benefit from tariff exemptions.
• A US court ruling forces resumption of onshore wind permits, improving the outlook for wind installations.
• CS Wind becomes the dominant US wind tower supplier as competitors shut down, driving pricing power.
• AI data center boom creates a new demand driver for Korean battery makers through BBU and ESS requirements.
• The US midterm elections are seen as a make-or-break event for the green sector; Democratic gains would weaken Trump's anti-renewable policies.
• Korea introduces a 10-year production tax credit to accelerate its renewable energy catch-up.