Articles written by Patrick Jowett

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New research shows potential of hydrogen-source heat pumps A new research project, thought to be the first to assess hydrogen as an energy source for heat pumps, has found that hydrogen-backed heat pumps could be an eco-friendly option for the building sector and support decarbonization in line with the UK’s net-zero targets.
Patrick Jowett
Jan 26, 2024
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Pexapark says European developers signed 23 PPAs for 936 MW in December Pexapark, a Swiss consulting firm, says December marked a robust conclusion to a strong year for power purchase agreements (PPA). Developers secured 23 new PPAs – nine more than in December 2022 – with a combined capacity of 936 MW.
Patrick Jowett
Jan 25, 2024
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Alight, H&M Group sign PPA for Swedish solar parks Solar developer Alight will own and operate three solar parks under long-term power purchase agreements (PPAs) in Sweden. The projects are expected to generate at least 24 GWh combined, providing power to fashion retailer H&M.
Patrick Jowett
Jan 25, 2024
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WoodMac predicts strong yet flat global PV growth through to 2032 Wood Mackenzie says the solar industry has reached a new stage in its evolution and is predicting around 350 GW of global solar installations annually for the next eight years. The research firm is also forecasting challenges for the solar manufacturing sector and long-awaited benefits from the Inflation Reduction Act in the United States.
Patrick Jowett
Jan 24, 2024
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Mitsubishi HC Capital acquires 20% stake in European Energy A/S Mitsubishi HC Capital, a Japanese investment firm, has become the second-largest shareholder in Danish renewable energy developer European Energy A/S by acquiring the equivalent of 75 million shares. Knud Erik Andersen, the CEO of European Energy, says the transaction more than triples the company’s equity.
Patrick Jowett
Jan 24, 2024
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US solar sites linked to higher levels of insects Scientists conducting a five-year research project in southern Minnesota have observed a tripling of insect numbers near two solar facilities built on rehabilitated agricultural land. They say the findings show how habitat-friendly solar could help protect insect populations and improve pollination in nearby agricultural fields.
Patrick Jowett
Jan 22, 2024
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SolarEdge announces reduction of global workforce SolarEdge, an Israel-based inverter manufacturer, says it plans to cut about 900 jobs as part of a restructuring plan “designed to reduce operating expenses and align its cost structure to current market dynamics.”
Patrick Jowett
Jan 22, 2024
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Puma Energy acquires 49% stake in MBHE MBHE, a southern African solar company, says the new partnership with global energy business Puma Energy will enable it to maintain an aggressive growth strategy and access a larger network of commercial and industrial clients into Sub-Saharan Africa.
Patrick Jowett
Jan 19, 2024
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Solar corporate funding hits decade-long high in 2023 PV funding activity increased by 42% year-on-year in 2023, driven by strong growth in private market financing and debt financing, despite a decrease in the total number of deals, according to Mercom Capital Group.
Patrick Jowett
Jan 18, 2024
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