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Finance

TotalEnergies potentially interested in acquiring Akuo

A number of entities, including the investment unit of TotalEnergies, are interested in the planned sale of Akuo, according to French media reports.

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MPIC becomes largest shareholder of Solar Phillippines

Metro Pacific Investments Corp. (MPIC) has acquired a 42.82% stake in Solar Philippines Nueva Ecija Corp. (SPNEC) for PHP 24 billion ($430.6 million).

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Strong revenue growth for biggest Chinese solar panel makers in Q1

JinkoSolar, Long, JA Solar, and Trina Solar have all reported impressive growth figures for the first quarter of this year.

Germany, Netherlands and Sweden have lowest cost of capital for utility scale PV

The International Renewable Energy Agency (IRENA) has released new data on the cost of capital for solar PV, onshore and offshore wind in the period between 2020 and 2021. Results show that Germany and the Netherlands have the lowest cost of capital in Europe at 2.2%, while the United States, China, India, and Australia show values of 5.4%, 3.9%, 7.1%, and 4.6%, respectively.

SunPower secures $550 million loan purchase commitment

Private equity firm KKR committed to purchasing loans made to SunPower customers.

First Solar revenue falls in Q1 as US facility investments take priority

First Solar has reported a decline in first-quarter revenue, citing investments in US facilities as a priority, with 25% of its full-year guidance expected in the first half.

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How green is the UK government?

With speculation rife UK prime minister Rishi Sunak could call a general election next year, Robert Cathcart, a blogger for English installer Solar Fast, takes a look at just how green the current government is.

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Carrier to buy Viessmann’s heat pump business

Carrier, a US-based heating specialist, is set to acquire Germany’s Viessmann Climate Solutions in a €12 billion ($13.27 billion) deal. The acquisition will see Viessmann’s heat pump business fall into the hands of one of the leading market players in the United States, as Carrier looks to expand its reach in the rapidly growing European heat pump market.

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The green jobs promise

Promising to replace fossil fuel jobs with an identical number of clean energy roles in coal-dependent communities is overly simplistic and ignores the fact that communities need to be brought onside with credible expectations of better-quality employment.

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Croatia launches rebate program for solar, other renewables, batteries

The Croatian government has allocated €60 million ($65.6 million) in subsidies for businesses to install 80 MW of renewables and 20 MWh of batteries.

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