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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

Funding News

$100M for Brazilian Wind Power
$100M for Brazilian Wind Power

Thursday 15th January 2015

THE International Finance Corporation (IFC) released BRL 260 million ($100 million) in financing from Itaú Unibanco, a major Brazilian bank, to meet growing demand for renewable energy in Brazil. Arranged by IFC, Itaú’s loan  is part of an IFC financing package to support a plan to build over 260 MW ...

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Michigan gets Agricultural Energy Efficiency Incentives
Michigan gets Agricultural Energy Efficiency Incentives

Tuesday 13th January 2015

MICHIGAN utility company DTE Energy announced yesterday the addition of new agricultural energy-efficiency incentives under its Commercial Energy-Efficiency Incentive Program. With the addition of 20 new measures, members of Michigan's agricultural community can apply for cash incentives that will help pay for equipment upgrades and lower their monthly operating expenses. These ...

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Big Savings from Energy Efficiencies at State Capitol
Big Savings from Energy Efficiencies at State Capitol

Monday 12th January 2015

MARK Martin, Secretary of State for Arkansas received $88,246.72 as an incentive thanks to efficiencies that significantly reduced annual energy consumption at the State Capitol Building. “We will continue to work to preserve the resources of the Natural State at the Capitol by implementing programs to provide both cost savings to ...

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Wind Energy Saves Consumers $1Billion in Two Days
Wind Energy Saves Consumers $1Billion in Two Days

Friday 9th January 2015

WHEN extreme cold has hit the U.S. recently wind energy has set record-high outputs, saving consumers $1 billion in just two days when extreme cold hit the U one year ago. The figures were released this week by the American Wind Energy Association (AWEA), whose CEA Tom Kiernan stated: “This new ...

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Chicago Energy Efficient Buildings Move City Towards Goals
Chicago Energy Efficient Buildings Move City Towards Goals

Thursday 8th January 2015

THE Environmental Defense Fund have announced that two major commercial building operators, JLL and Urban Innovations, have together reduced Chicago’s energy usage by nearly 3 million kilowatt hours annually. This dramatically moves forward the effort to reach the City's Retrofit Chicago Commercial Buildings Initiative's stated goal of reducing commercial energy use ...

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Renewable Funding for Bosnia and Herzegovina
Renewable Funding for Bosnia and Herzegovina

Tuesday 6th January 2015

THE European Bank for Reconstruction and Development (EBRD) is supporting the construction of a new biomass boiler plant in Prijedor, a municipality in the north west of Bosnia and Herzegovina, with a sovereign loan of up to €7 million. The funding, the first EBRD investment in renewable energy in the Balkan ...

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Indian Drive for LED Lighting Uptake
Indian Drive for LED Lighting Uptake

Monday 5th January 2015

INDIAN Prime Minister Narendra Modi today launched an energy efficiency program in an effort to reduce energy demand and reduce the amount of investment in energy generation. The domestic efficient lighting programme in Delhi aims to distribute LED lighting across the city, while the National Programme for LED-based Home and Street ...

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More New Energy Efficiency Standards for U.S.
More New Energy Efficiency Standards for U.S.

Friday 2nd January 2015

IN support of President Obama’s Climate Action Plan, the U.S. Energy Department announced two new energy efficiency standards for general service fluorescent lamps (GSFLs) and automatic commercial ice makers (ACIMs). These are the ninth and tenth standards to be finalized over the last 12 months. Altogether, the ten standards finalized will ...

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Finance for Kyrgyz Energy Efficiency Upgrades
Finance for Kyrgyz Energy Efficiency Upgrades

Tuesday 30th December 2014

THE European Bank of research and Development (EBRD) has provided funding to Kyrgyzstan through Kyrgyz Investment and Credit Bank (KICB), to increase financing for energy efficiency projects.   KICB will receive a loan of $ 2 million. The funds will be used for on-lending to businesses and households wishing to make energy ...

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Algeria to Increase Energy Efficiency and Renewables
Algeria to Increase Energy Efficiency and Renewables

Monday 29th December 2014

THE Algerian Ministry of Energy is to submit an energy efficiency program to the government within the next few weeks according to allAfrica.com. Minister of Energy Youcef Yousfi revealed his ministry’s intention at a press conference held during a visit to a pilot for shale gas wells in Salah (Tamanrasset). He ...

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Chile Acts to Cut Energy Waste and Boost Hydro Power
Chile Acts to Cut Energy Waste and Boost Hydro Power

Wednesday 24th December 2014

14 PUBLIC hospitals in Chile are to be the target for energy saving actions in 2015, all part of a broad energy efficiency drive for the South American state. The Chilean Energy Ministry have also asked for tenders for the installation of LED street lighting across 40 towns and cities, with ...

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Funding for Nepalese Hydropower
Funding for Nepalese Hydropower

Tuesday 23rd December 2014

INTERNATIONAL Finance Corporation (IFC) has partnered with India’s GMR Group to develop the 900 MW Upper Karnali hydropower plant, and two transmission line projects in Nepal. 
The transmission projects will evacuate power from the Upper Karnali and 600 MW Upper Marsyangdi Hydropower projects in Nepal. IFC InfraVentures, a global infrastructure project ...

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South East Europe Energy Efficiency Funding
South East Europe Energy Efficiency Funding

Monday 22nd December 2014

THE European Bank for Reconstruction and Development (EBRD) is boosting the Green for Growth Fund (GGF) with €25 million, promoting renewable energy and energy efficiency projects. The funding is targeted at south-eastern Europe and the European Neighbourhood region including Armenia, Azerbaijan, Georgia, Moldova and Ukraine.   GGF provides funds to local financial institutions ...

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Technology Delivers Energy Use Drop for UK
Technology Delivers Energy Use Drop for UK

Friday 19th December 2014

THE UK economy us growing and yet energy use is on the slide - a situation that is generally unheard of, the two normally rise together. So what’s the difference? BBC News report the link between increasing wealth and increased energy use has been broken by a combination of technology and ...

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India's Buildings Get Energy Efficiency Push
India's Buildings Get Energy Efficiency Push

Thursday 18th December 2014

INDIA’S Energy and Resources Institute (TERI) and United Technologies Corporation (UTC) have launched the Center of Excellence for Energy Efficient Buildings in India. The Center has been establishled at a time when the Government of India has introduced the Smart City Programme to address the challenge of rapid urbanization and ...

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Funding for Central America's Largest Wind Farm
Funding for Central America's Largest Wind Farm

Wednesday 17th December 2014

THE IFC (International Finance Corporation) has completed a $300 million financing package for constructing of Phase II and III of the largest wind farm in Central America. Once operational, the Penonome wind power plant with 86 wind turbines and an installed capacity of 215 MW is expected to generate 448 ...

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Funding for Advances in Egyptian Energy Efficiency
Funding for Advances in Egyptian Energy Efficiency

Monday 15th December 2014

THE European Bank of Reconstruction and Development (EBRD) is partnering with the National Bank of Egypt (NBE) offering a $30 million Energy Efficiency facility. The pilot energy efficiency programme will provide finance for private-sector investments in energy efficiency and renewable energy projects. Projects financed under the framework will contribute to ...

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France Wants Share of Euro Commission's Energy Fund
France Wants Share of Euro Commission's Energy Fund

Friday 12th December 2014

THE French government has applied for funding from the European Commission's 315 billion euro investment plan to help launch its energy transition programme, EurActiv reports.  France submitted a list of 32 projects to the European Commission, hoping to receive the funding from Jean-Claude Juncker's euro investment plan. One of the targeted ...

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Green Donuts
Green Donuts

Thursday 11th December 2014

U.S. food franchise company Dunkin’ Donuts have announced the launch of DD Green, a green building certification program designed to help franchisees build sustainable, energy-efficient restaurants. Dunkin' Donuts will work with franchisees and construction managers to build 100 new Dunkin' Donuts restaurants DD Green certified by the end of 2016. To be ...

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Power Authority and City Team up to Improve Energy Efficiency
Power Authority and City Team up to Improve Energy Efficiency

Wednesday 10th December 2014

THE New York Power Authority (NYPA) have completed the energy efficiency measures for the City of Lockport, Niagara County, New York State. The measures will save the city approximately $15,000 per year and reduce greenhouse gas emissions by 87 tons annually. The work consisted of lighting upgrades at four municipal facilities ...

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Energy Efficiency Funding for Geogia's Businesses
Energy Efficiency Funding for Geogia's Businesses

Monday 8th December 2014

ENERGY saving efforts need to be greater in Georgia according to the European Bank for Reconstruction and Development (EBRD), who are looking to help the country's businesses with funding. In the country saving energy is a relatively new concept to many: the country is still 50% more energy-intense than its trading ...

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EU Commended for Energy Efforts
EU Commended for Energy Efforts

Friday 5th December 2014

THE European Union (EU) has made progress in liberalising energy markets, and its global leadership on climate change is to be commended, according to the International Energy Agency (IEA). In the report, Energy Policies of IEA Countries: European Union – 2014, the IEA praised the EU for reducing its carbon intensity ...

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University Saves $2M Via Energy Efficiency Controls
University Saves $2M Via Energy Efficiency Controls

Thursday 4th December 2014

THE Mississippi University for Women (MUW) has reduced its energy use by 28 % with an estimated saving of almost $2 million over the past eight years.   Adding energy efficiency controls to six buildings on the campus, replacing halogen lights with LED track lighting in the Art and Design Building and ...

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People the Missing Ingredient in Energy Efficient Buildings
People the Missing Ingredient in Energy Efficient Buildings

Wednesday 3rd December 2014

OVER one-third of new commercial building space includes energy-saving features, but without training or an operator’s manual many occupants are in the dark about how to use them. Washington State University student Julia Day recently published a paper that for the first time shows that occupants who had effective training in ...

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Finance for Kazakhstan's First Wind Farm
Finance for Kazakhstan's First Wind Farm

Tuesday 2nd December 2014

IN a landmark project for Kazakhstan’s renewables industry, the European Bank for Reconstruction and Development (EBRD) is supporting the first large-scale wind farm in the country to be financed under the new feed-in-tariff mechanism. The EBRD and the Clean Technology Fund (CTF) will finance the construction, connection to the power transmission ...

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