3 ms·
The battery industry being built at the moment in Sweden is having some major issues right now when investment money and subsidizes are running dry. The biggest
by belorn 2y ago
The battery industry being built at the moment in Sweden is having some major issues right now when investment money and subsidizes are running dry. The biggest actor are close to bankruptcy and rushing to find new sources of money.
There seems a general pattern that if you need to build it outside of china, be that batteries, nuclear power plants or solar panels, it becomes too expensive.
- actionfromafar 2y agoChina is not afraid of subsidies and central planning, for better and worse.
- devjab 2y agoThe market is consolidating in the wake of the Russian invasion of Ukraine, the challenges with the global supply lines and the increased interest rates. A lot of the smaller projects backed by semiprofessional investors will be picked up by larger investment fonds. There is also still a couple of years until the European battery factories that are under construction will actually be operational. Unless the economy picks up I suspect we’ll see a lot of bankruptcies in the coming five years. Currently it’s not just the price of solar panel production that is an issue, it’s also that you make equal and safer money on other investments. Back when the interest rates were basically 0% the 3-7% returns on solar were very attractive but now that is just not the case. This is why you see Japan picking up as an attractive place for solar these years, because in Japan a 3-7% return is still very good.