Finance

UK-based Ideal Heating has announced plans for a new GBP 10 million ($12.5 million) heat pump R&D research center in Hull, England. Heat Transformers, meanwhile, said it has raised €15 million ($16.4 million) to accelerate heat pump deployment in the Netherlands, Germany, and the United Kingdom.

Much has been said about the benefits installing solar and batteries can offer to businesses but, as companies face mounting input cost inflation, is the upfront investment too much to bear or have volatile electricity costs made the decision a no-brainer?

A $12.5 billion (AUD 18.7 billion) takeover deal for Origin Energy has been struck with a consortium led by Canadian giant Brookfield. Brookfield’s vision for Origin Energy involves spending “at least” AUD 20 billion to build new renewables and storage.

While it initially had a chilling effect on the Polish residential solar market, the transition from net metering to net billing has also resulted in positive changes, such as better sizing of rooftop PV systems and a higher rate of self-consumption, says Instytut Energetyki Odnawialnej (IEO), a Polish research body.

The Czech Republic is pouring an additional CZK 55 billion ($2.5 billion) into its New Green Savings program, which includes rooftop PV rebates, among other energy-saving measures in the residential sector.

Swiss PV manufacturer Meyer Burger hit its 321 MW production volume target last year, and its expansion into the gigawatt scale is already underway, as it recently completed two additional purchase agreements with major customers. It has also applied for hundreds of millions of funding support from the EU Innovation Fund, with a final decision to be made in the summer.

PV deployment is gathering pace in the EU member state but grid capacity shortfalls and unpredictable shifts in government policy need to be addressed if the nation is to harness its full solar – and European energy security – potential.

US Federal Deposit Insurance Corp. (FDIC) closed down Silicon Valley Bank last week after its share price plunged due to ongoing bond-market losses, triggering $42 billion of withdrawals.

With increasing capital commitments, there is now a shift to minority investments and emergent technology subsectors. pv magazine evaluates the M&A outlooks provided by CohnReznick Capital and FTI Consulting.

Indonesia is a coal-dependent country in which conventional power grids are problematic. The archipelagic nation is turning to floating PV (FPV) to help accelerate its energy transition. Sorta Caroline takes a look at the state of play for water-borne solar and the problems that still need to be overcome.