Enpal Secures Major Financing Deal to Expand Renewable Energy Solutions Across Europe Germany: Germany-based solar and heat pump provider Enpal has entered into a financing agreement worth EUR 700 million (USD 755 million) with M&G Investment Management to accelerate the adoption of renewable energy technologies across Europe. Supported by an additional EUR 600 million (USD 647 million) in senior loans from banks including Citi and Barclays, the funding will strengthen Enpal’

Saudi Arabia to Supply 5,400 Locally Made Smart Air Conditioning Units to Egypt Saudi Arabia: Saudi Arabia has entered into an agreement to export 5,400 locally produced air conditioning units to Egypt during 2025 as part of efforts to expand its non-oil exports. The units, manufactured at the York Manufacturing Complex in King Abdullah Economic City, will be supplied to a major real estate project in Egypt developed by ORA Co. in collaboration with Raya Corp. The complex, op

Go Geothermal Partners with The Merchant’s Choice to Expand Heat Pump Distribution in the UK UK: Go Geothermal Ltd, based in Newton Aycliffe, has entered into a trading partnership with The Merchant’s Choice (TMC) buying group to distribute CTC’s Swedish-manufactured ground source and air source heat pumps across the United Kingdom. The collaboration aims to make advanced renewable heating technologies more accessible to independent heating and plumbing businesses, strengthen

Tadiran Enters Italian HVAC Market as Part of European Expansion Strategy Italy: Tadiran, an international company operating in the battery, consumer electronics, and air conditioning sectors, has announced its entry into the Italian HVAC market as part of its wider European growth strategy. The company, which reported revenue of EUR 490 million in 2024 across more than 40 countries, aims to become one of the top ten HVAC players in Italy within five years. Tadiran Italia wil

Ariston Group Acquires Telangana Manufacturing Facility to Expand Racold Operations in India India: Ariston Group has signed an agreement to acquire a new manufacturing facility near Hyderabad, Telangana, from Hintastica Private Limited, a joint venture between Groupe Atlantic of France and Hindware Home Innovation Limited of India. The plant, inaugurated in January 2023, spans 23,100 square metres, with 13,000 square metres covered area, and has an annual production capacity

India Extends Application Deadline for PLI Scheme on Air Conditioners India: The Government of India has extended the application deadline for the Production Linked Incentive (PLI) scheme for white goods, specifically air conditioners, until 10 November 2025. The extension follows strong interest from industry participants and growing investment commitments under the scheme. Initially launched in April 2021, the PLI scheme for white goods has a total budgetary outlay of INR 6

Lacey Partners with Puget Sound Energy to Expand Heat Pump Rebates USA: Puget Sound Energy (PSE) has partnered with the City of Lacey under the 2025 Matching Rebate Programme to increase financial support for homeowners replacing natural gas heating systems with electric heat pumps. Under the initiative, Lacey will match PSE’s existing rebate of USD 4,000 (EUR 3,700), providing income-qualified households with a combined rebate of up to USD 8,000 (EUR 7,400). The programme is

Beijer Ref Acquires Majority Stake in Baltic HVAC Distributor Airwave Sweden/Baltic Region: Beijer Ref has entered into an agreement to acquire 80% of the shares in Airwave, a major HVAC distributor operating across the Baltic region. The Swedish-based group also holds an option to acquire the remaining 20% of shares in the future. The transaction, which remains subject to approval by Estonia’s competition authority, will expand Beijer Ref’s presence in Northern Europe. Found

European Heat Pump Market Shows Modest Recovery Amid Ongoing Challenges Europe: The European heat pump market has recorded a modest recovery in early 2025, with sales increasing across several countries compared to the same period last year, as per European Heat Pump Association (EHPA) latest data. However, overall confidence in the sector remains below the peak levels seen in 2022. The slow development of the market attributed the slower momentum to policy uncertainty, inco

USD 1.2 Billion Disbursement Pakistan: The International Monetary Fund (IMF) approves USD 1.2 billion disbursement to Pakistan following a staff-level agreement reached after several days of talks in Islamabad. The IMF confirmed that Pakistan’s economic program is contributing to macroeconomic stability and restoring market confidence. In July 2024, the IMF had approved a USD 7 billion bailout package for Pakistan under the Extended Fund Facility (EFF) to help the country avo

Harrison Bathrooms Achieves Record-Breaking Sales UK: Bathroom supplier Harrison Bathrooms is celebrating a record-breaking month after achieving over USD 5 million in sales during September 2025, the strongest monthly figure in its history. This milestone marks nine consecutive months of growth for the Leeds-based supplier, achieved during a period when many competitors are facing challenging market conditions. The company continues to expand its market share and strengthen

Premium Building Materials in Bangladesh Bangladesh: AkijBashir Group and MHM Properties Ltd. have signed a strategic partnership to advance premium building material solutions and enhance customer value in Bangladesh’s real estate and construction sectors. Under the Memorandum of Understanding signed on October 14, MHM Properties Ltd. will feature and distribute AkijBashir’s leading brands including Akij Ceramics, ROSA Sanitaryware, Akij Particle Board Mills Ltd., Akij Door,