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$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

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Story Released 8:44am 14/08 $100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

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Indian Companies to Become More Sustainable
Indian Companies to Become More Sustainable

Monday 17th March 2014

THE Hindustan Times (HT) reports many Indian businesses will follow the sustainable example set by large businesses in reaching a national target of 25% reduction in carbon intensity by 2020. A batch of companies became part of the 2009 India Greenhouse Gas Progam, including Godrej & Boyce, whose chairman Jamshyd N ...

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Vital for Azerbaijan to Invest in Energy Efficiency
Vital for Azerbaijan to Invest in Energy Efficiency

Friday 14th March 2014

TREND report Vice-President of Schneider Electric Central Asia Mehmet, Ali Keciciler, underlined the importance of energy efficiency projects in Azerbaijan in his speech at the Azerbaijan Investment Summit in Baku. Keciciler recognized the importance of Azerbaijan's economic growth, but this puts pressure on the existing energy, water, transport and telecom infrastructure. ...

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LED Lighting to save $283,000 Yearly in Lincoln Tunnel
LED Lighting to save $283,000 Yearly in Lincoln Tunnel

Thursday 13th March 2014

THE Port Authority of New York and New Jersey, U.S., announced yesterday the installation of 2,300 energy efficient, LED lights in the Lincoln Tunnel, which will save $283,000 annually. “Replacing our bridge and tunnel lighting systems with new LED lights makes business sense and benefits the environment by reducing our energy ...

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Romania Get Energy Efficiency Funding Boost
Romania Get Energy Efficiency Funding Boost

Tuesday 11th March 2014

ROMANIA Insider report that Norway, Iceland and Liechtenstein will donate €8 million to Romania to finance energy efficiency programs aiming to reduce greenhouse gases. A statement from Romania’s Ministry of Economy revealed: “The donor states, Norway, Iceland, Liechtenstein, concluded with Romania the Memorandum of Understanding which designates the Ministry of Economy ...

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Room to Improve LA Buildings Energy Efficiency
Room to Improve LA Buildings Energy Efficiency

Tuesday 11th March 2014

A RECENT symposium at the UCLA Institute of the Environment and Sustainability and the Ziman Center for Real Estate addressed the critical issue of increasing the energy efficiency of buildings. The UCLA Green Building Symposium - Building Better Places discussed how vital it is for more buildings to increase the use ...

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Rolling Blackouts Across South Africa
Rolling Blackouts Across South Africa

Monday 10th March 2014

ESKOM, South Africa’s national utility company, called a stage three power emergency last Thursday leading to rolling blackouts to stabilize and reduce demand as the grid comes under strain. Eskom stated that: ”The power system is very tight. This risk has increased significantly due to the heavy rains over the last few ...

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Funds to Help Romania's Transition to Green Economy
Funds to Help Romania's Transition to Green Economy

Friday 7th March 2014

THE European Bank for Reconstruction and Development (EBRD) is helping Romania’s transition to a low-carbon economy through further development of renewable energy resources. EBRD will provide a loan of €49 million towards the construction, commissioning and operation of the 108 MW Crucea North Wind Farm in the Black Sea region of ...

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Energy Efficiency Progress for New York State Buildings
Energy Efficiency Progress for New York State Buildings

Thursday 6th March 2014

THE New York Power Authority (NYPA) revealed that during the first year of the BuildSmart NY Initiative the energy performance of state government buildings improved by nearly 5%. The initiative, which is being administered by NYPA, is intended to reduce energy consumption at state facilities by 20% by 2020. The BuildSmart NY ...

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$1M Invested in Energy Efficiency Generated $3.87M
$1M Invested in Energy Efficiency Generated $3.87M

Wednesday 5th March 2014

AN independent analysis has been released showing the economic performance of 16 US cities under the Southeast Energy Efficiency Alliance (SEEA). The report, entitled 'The Economic Impact of Energy Efficiency Investments in the Southeast' from the US Department of Energy (DOE) funded energy efficiency retrofit consortium released the details from ...

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South Africa Needs Energy Efficient Businesses
South Africa Needs Energy Efficient Businesses

Tuesday 4th March 2014

THE rising cost of electricity in South Africa and the increased demand on the power grid are encouraging the country’s large commercial businesses to implement energy-efficient initiatives and technologies. Companies are becoming more aware that reducing energy usage will lower operating expenditure, improve profit margins, and enhance their brand image ...

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Stimulus Money Improves Cities Energy Efficiency
Stimulus Money Improves Cities Energy Efficiency

Monday 3rd March 2014

UNITED State’s Mayors released results of a survey showing city successes in using Energy Efficiency and Conservation Block Grant (EECBG) program funding under the American Recovery and Reinvestment Act (ARRA). Gresham, Oregon, Mayor Shane Bemis, Bridgeport, Connecticut, Mayor Bill Finch and Carmel, Indiana, Mayor Jim Brainard presented the survey findings during ...

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Investment in Slovenia's Energy Efficiency Sector
Investment in Slovenia's Energy Efficiency Sector

Friday 28th February 2014

THE EBRD Board of Directors has adopted a new strategy for Slovenia which sets out the Bank’s priorities in the country for the next four years, including improving energy efficiency. Slovenia’s Government is committed to a continuation of key reforms outlined in the National Reform Programme. The EBRD (European Bank of ...

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Nigeria to Increase Energy Efficiency Awareness

Thursday 27th February 2014

NIGERIA is to increase it’s promotion of energy efficiency through the National Orientation Agency (NOA) and the United Nations Development Programme (UNDP) according to the country’s Leadership newspaper. Director-General of NOA, Mike Omeri, is reported by the paper as stating that a program will be increased following on from a previous ...

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Energy Efficiency Fund for UK Organisations
Energy Efficiency Fund for UK Organisations

Wednesday 26th February 2014

THE UK Green Investment Bank (GIB) and Societe Generale Equipment Finance (SGEF) have joined forces to provide £50m of finance for energy efficiency projects. The alliance will marry SGEF's strong track record in equipment financing with additional capital and expertise from GIB, helping public and private sector organisations reduce their energy ...

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New York College Energy Saving
New York College Energy Saving

Tuesday 25th February 2014

NEW York State’s Nazareth College estimates to save over $441,000 annually in energy costs, thanks to $575,000 from the New York State Energy Research and Development Authority (NYSERDA). "New York State is a national leader in green building, and the projects at Nazareth College are another example of the way NYSERDA ...

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UAE Need to Adopt Energy Management Systems
UAE Need to Adopt Energy Management Systems

Monday 24th February 2014

UNITED Arab Emirate’s (UAE) future energy use will rely on energy efficient management systems according to a report by Trade Arabia. According to Niraj Mathur, senior lead assessor at Lloyds Register Quality Assurance (LRQA), adopting an Energy Management System-EnMS, like ISO 50001, is one of the best ways for the UAE ...

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Energizing Green Cities in SE Asia
Energizing Green Cities in SE Asia

Friday 21st February 2014

THE World Bank released their report “Energizing Green Cities in Southeast Asia” this week, highlighting how energy efficiency is key to climatic, economic and infrastructure improvements. Worldwide, cities account for around two-thirds of global energy demand and greenhouse gas (GHG) emissions, with cities in Southeast Asia growing twice as fast as ...

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Public Sector Must Improve Energy Efficiency
Public Sector Must Improve Energy Efficiency

Thursday 20th February 2014

UK public sector organisations are fighting against a rising tide of energy costs and need to focus on energy efficiency to win, according to Tim Pryce. Pryce, Head of Public Sector at the Carbon Trust, writes in the Local Government Chronicle that public sector organisations who are unable to reduce energy ...

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China Outspends US on Energy Efficiency
China Outspends US on Energy Efficiency

Wednesday 19th February 2014

CHINA spent more on energy efficiency than the US for the first time, accounting for almost a third of the world’s total with $4.3 billion invested. Global smart grid investment reached $14.9 billion in 2013, up from the $14.2 billion recorded in 2012, according to the latest authoritative figures from research ...

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Energy Efficiency Increases Production and Competitiveness
Energy Efficiency Increases Production and Competitiveness

Tuesday 18th February 2014

A NEW survey reveals Britain’s manufacturers are increasing their investment in strategic energy management and efficiency, in order to improve their competitive position against a backdrop of rising energy costs. The survey, released yesterday by EEF, the UK manufacturers’ organisation, and energy supplier npower, voices the concerns of manufacturers and recognises ...

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The EU's Big Energy Efficiency Opportunity
The EU's Big Energy Efficiency Opportunity

Monday 17th February 2014

AN excellent article in Ireland’s Independent newspaper by Philip Lee highlights the opportunity in the EU zone for businesses and others, due to the demand for improved energy efficiency. Lee refers to the EU pointing at energy efficiency as one of the major solutions to climate change, energy security, competitiveness and ...

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LEDs Perform Better in Concert Hall
LEDs Perform Better in Concert Hall

Friday 14th February 2014

THE Nottingham Royal Concert Hall in the UK is aiming to save £16,000 annually on their electricity bill through using energy efficient lighting, that will still provide what is needed for performances. The Concert Hall, which seats almost 2,500, has replaced over 500 old incandescent lights with longer lasting LED lights, ...

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NY Green Bank
NY Green Bank

Thursday 13th February 2014

NEW York State Governor Andrew M. Cuomo, announced the start of business operations for the New York Green Bank, which will work to stimulate private sector financing and accelerate the transition to a more cost-effective, resilient and clean energy system. The largest green bank in the nation, the NY Green Bank ...

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Green Bank Funds Energy Efficient Street Lamps
Green Bank Funds Energy Efficient Street Lamps

Wednesday 12th February 2014

SEVEN million street lights clock up an electricity bill of more than £300 million annually in the UK, they are often a local authority's largest single cost. With fewer than a million low energy street lamps across the UK, there is a huge potential for savings, but investment is needed. However, ...

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10M Euro for Croatian Energy Efficiency Improvements
10M Euro for Croatian Energy Efficiency Improvements

Tuesday 11th February 2014

THE  EBRD is providing a €10 million loan to Erste Bank Croatia for on-lending to private companies and municipalities for investments in energy efficiency and renewable energy projects. The loan comes under the Western Balkans Sustainable Energy Efficiency Facility II (WeBSEFF II) launched last year to support efforts towards the improved ...

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