Boost Cleantech Manufacturing Luxembourg: The European Commission has approved a €500 million (USD 545 million) state aid scheme by Luxembourg to support strategic investments in boost cleantech manufacturing, aligned with the objectives of the Clean Industrial Deal and the transition to a net-zero economy. The scheme, approved under the Clean Industrial Deal State Aid Framework (CISAF) adopted on 25 June 2025, will provide direct grants to companies across Luxembourg to expa

Heat pump adoption reduces Germany’s LNG import costs Germany: New research by the Institute for Energy Economics and Financial Analysis indicates that the installation of nearly 1.1 million residential heat pumps in Germany between 2022 and 2025 reduced the country’s liquefied natural gas import costs by EUR 1.3 billion (approximately USD 1.4 billion). The study states that, without these installations, Germany would have required around 16 per cent more LNG imports between

Saudi Arabia records increase in FDI inflows in Q4 2025 Saudi Arabia: Saudi Arabia reported foreign direct investment net inflows of SAR 48.4 billion (approximately USD 12.9 billion) in the fourth quarter of 2025, reflecting a 90 per cent increase compared to the same period in the previous year, according to data from the General Authority for Statistics. On a quarterly basis, net inflows rose by 82 per cent. Total FDI inflows reached SAR 50.6 billion (approximately USD 13.5

LG Electronics India Surpasses 1 Million AC Sales in Q1 2026 India: LG Electronics India announced that it sold over one million air conditioners in the first quarter of 2026, marking its fastest-ever start to a summer season and reinforcing its leadership in India’s competitive AC market. The milestone was driven by its early launch of BEE star-rated compliant ACs, ensuring a smooth transition to energy-efficient products, along with strong consumer engagement from its marke

Targets 100 Stores by 2030 Netherlands / USA : Dutch discount retailer Action has announced plans to enter the United States following its continued European expansion, with its first store expected to open in the southeastern region by late 2027 or early 2028. Founded in 1993 in Enkhuizen, the company has grown to 3,302 stores across Europe and aims to establish 100 U.S. locations by 2030 using a disciplined, step-by-step expansion strategy. Recently, Action launched its fi

Enhanced NDC Targets India: The Union Cabinet of India, chaired by Narendra Modi, has approved the enhanced NDC targets, country’s Nationally Determined Contribution (NDC) for 2031–2035 to be submitted to the United Nations Framework Convention on Climate Change, reinforcing its commitment to climate action under the Paris Agreement. India has set an enhanced target to reduce the emissions intensity of its GDP by 47% by 2035 from 2005 levels, while also aiming to achieve 60%

Samsung Supplies Heat Pump Systems for UK Residential Redevelopment United Kingdom: Samsung Electronics is supplying heat pump air conditioning systems for a residential redevelopment project in Cornwall, England. The project involves the transformation of a former mining site of around 2 million square metres into the West Carclaze Garden Village, which is expected to include housing, schools, hospitals and community facilities by 2035. The company will provide residential h

MahaRERA Approves Over 1,000 Projects Around Gudhi Padwa India: The Maharashtra Real Estate Regulatory Authority (MahaRERA) approved a total of 1,060 real estate projects around the Gudhi Padwa period through a combination of new registrations, timeline extensions and corrections to existing projects. Of these, 486 projects received new registration numbers, while 426 projects were granted extensions to their completion timelines and 148 projects were allowed corrections. A t

Swegon Acquires Western Airconditioning in the Netherlands Netherlands: Swegon has acquired Western Airconditioning, a supplier of heating, ventilation and air conditioning systems based in the Netherlands. Western Airconditioning has been a distributor of Swegon’s chillers and heat pumps in the Dutch market. The acquisition expands Swegon’s presence in the Netherlands and adds service capabilities and technical support in the heating and cooling segment. Western Aircondition

Panasonic Establishes HVAC & Cold Chain Company Under New Group Structure Japan: Panasonic has established Panasonic HVAC & CC Co., Ltd. as part of its transition to a revised group structure. The new entity has been formed through the consolidation of the Heating & Ventilation A/C Company and the Cold Chain Solutions Company within Panasonic Corporation. The company will operate alongside other related entities, including Panasonic HVAC & CC Systems Co., Ltd., Panasonic Envi

Samsung and LG shift heat pump production to South Korea amid policy changes South Korea: Samsung Electronics and LG Electronics are planning to relocate their heat pump production lines from China to South Korea, in line with government policies supporting domestically manufactured products. Samsung is expected to move production from Suzhou to its Gwangju facility, while LG is considering shifting operations from Tianjin to Changwon, with both companies aiming to begin dome

Energy price volatility drives increased interest in green technologies across Europe Europe: The ongoing conflict involving Iran has contributed to rising energy prices and renewed focus on alternatives to fossil fuels across Europe. Brent crude prices have increased by more than 50 per cent since the conflict began, reaching USD 116 per barrel, while disruption to the Strait of Hormuz, a key route for global oil supply, has affected around one-fifth of daily oil flows. Euro