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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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Boost for Green Buildings in India
Boost for Green Buildings in India

Monday 1st December 2014

THE International Finance Corporation (IFC), and the Confederation of Real Estate Developers' Associations of India (CREDAI), have partnered to promote green buildings in the country through IFC’s EDGE certification. EDGE stands for ‘Excellence in Design for Greater Efficiencies’, and is a standard that focuses on energy and water efficiency in buildings. ...

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1% Energy Saving Means £250M Saving for UK Business
1% Energy Saving Means £250M Saving for UK Business

Friday 28th November 2014

BY reducing energy consumption by 1%, big businesses could save over £250 million on their energy bills annually - according to UK Energy and Climate Change Secretary Ed Davey. He points to the new UK’s Energy Saving Opportunity Scheme (ESOS), launching next month, to help large organisations cut their electricity use ...

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Energy Efficiency and Strong Policies Needed - IEA
Energy Efficiency and Strong Policies Needed - IEA

Thursday 27th November 2014

THE International Energy Agency (IEA) has laid out five actions needed to achieve a low-carbon energy sector, proposing concrete options for the international climate negotiations to be held next month in Lima, Peru. "Energy accounts for two-thirds of global greenhouse gas emissions, so any climate agreement that emerges will need to ...

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EU Regulations Drive Growing Building Energy Efficiency Market
EU Regulations Drive Growing Building Energy Efficiency Market

Tuesday 25th November 2014

A recent report from Navigant Research analyzes the European market for residential and commercial building energy efficient products and services, including market forecasts for revenue through 2023. Stringent regulations that apply across the European Union (EU) have contributed to the development of a growing market for energy efficient buildings in Europe. ...

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Funding for Poland's Renewable Energy
Funding for Poland's Renewable Energy

Monday 24th November 2014

THE European Bank for Research and Development (EBRD) is support for the development of Poland's renewable energy resource with a series of measures aimed at increasing private sector investment. The Board of Directors of EBRD has approved an Integrated Approach to Polish Renewables which combines investments with policy dialogue that promote reforms ...

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Under 50 Years to Control Emissions
Under 50 Years to Control Emissions

Friday 21st November 2014

THE UN reveals that global carbon neutrality needs to be reached by the second half of the century, to stay under 2°C rise limit. If carbon neutrality is achieved it will head off the worst impacts of climate change, but it needs be attained by mid-to-late century. This would also keep ...

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Romania's SMEs get 15M Euro Energy Efficiency and Renewable Funding
Romania's SMEs get 15M Euro Energy Efficiency and Renewable Funding

Thursday 20th November 2014

THE European Bank for Reconstruction and Development (EBRD) is providing €15 million of funding to SMEs for energy efficiency and small-scale renewable-energy projects of up to €1 million. The loan is being provided through Romania’s Banca Transilvania for on-lending to SMEs, and comes under the EBRD’s Romania SME Sustainable Energy Financing ...

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Energy Efficiency Critical to U.S.-China Climate Agreement
Energy Efficiency Critical to U.S.-China Climate Agreement

Tuesday 18th November 2014

U.S. President Obama and Chinese President Xi Jinping announced an historic agreement to curb greenhouse gas (GHG) emissions, which account for 40% of the world’s emissions. The United States, building on existing efforts, in which energy efficiency plays a very large role, will reduce emissions 26-28% by 2025 relative to ...

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Serbia get 10M Euro for Energy Efficiency and Renewables
Serbia get 10M Euro for Energy Efficiency and Renewables

Monday 17th November 2014

THE European Bank for Reconstruction and Development (EBRD) is supporting energy efficiency and the use of renewable energy in Serbia with a loan of up to €10 million. The finance is being filtered through Komercijalna Banka for on-lending to private and municipal borrowers. The aim of the loan is to support ...

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Vietnam get Energy Efficiency Financing Boost
Vietnam get Energy Efficiency Financing Boost

Friday 14th November 2014

THE State Bank of Vietnam and the World Bank have signed a $500 million loan for a $731.25 million operation to improve energy efficiency. “Improving energy efficiency is critical for Vietnam’s ability to meet energy demand to power growth and maintain improvements in welfare.” said Victoria Kwakwa, Country Director for ...

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Germany Plans Tax Concessions for Energy Efficiency Projects
Germany Plans Tax Concessions for Energy Efficiency Projects

Thursday 13th November 2014

THE German government has revealed an action plan offering a €1 billion in tax concessions for energy efficiency improvements for buildings and sales of electric car. Germany has lagged behind on energy efficiency, leading to the proposed action plan to incentivize energy saving projects, as revealed by German Environment Minister Barbara ...

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Jordan gets $100M Renewable Fund Boost
Jordan gets $100M Renewable Fund Boost

Wednesday 12th November 2014

JORDAN have received a financial boost of $100 million for the implementation of renewable energy in the south of the country. The European Bank for Reconstruction and Development (EBRD) and the French Development Finance Institution PROPARCO are providing the loans of $50 million each, to fund the construction of three solar ...

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LA Top U.S. City for Energy Efficiency Target
LA Top U.S. City for Energy Efficiency Target

Tuesday 11th November 2014

MAYOR of Los Angeles, Eric Garcetti, highlighted the LA Department of Water and Power’s energy efficiency goal of 15% by 2020 is the highest by a major municipal utility in the United States. The new goal, adopted by the Board of Water and Power in August 2014, exceeds the 10-year, ...

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200M Euro Loan for Polish SME Sustainable Energy Upgrades
200M Euro Loan for Polish SME Sustainable Energy Upgrades

Friday 7th November 2014

THE European Bank for Research and Development (EBRD) has launched its second Polish Sustainable Energy Financing Facility (PolSEFF2) of €200 million which will be on-lent via local banks to SMEs. The loans will finance investments to replace or upgrade heating, cooling, electric and related systems in order to lower companies’ ...

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Finance for Hydro-Power Upgrade in Albania
Finance for Hydro-Power Upgrade in Albania

Wednesday 5th November 2014

THE most important source of electricity in Albania is the Komani hydro power plant in the mountains of the Puka region, in the north of the country, is about to undergo a major upgrade. The Komani dam, the largest of a complex of three hydro cascades, produces 65% of Albania’s ...

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Real-Time Smart Technology Vital for Fed Buildings
Real-Time Smart Technology Vital for Fed Buildings

Friday 31st October 2014

A report by the U.S. Government Business Council (GBC) reveals that better energy data from smart building technologies would help federal agencies reach energy-efficiency goals. The Obama Administration has set ambitious energy-efficiency goals, for federal buildings - but real-time energy monitoring and data feed back is key to success. A survey of ...

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Eco Expo Asia Highlights Energy Efficiency
Eco Expo Asia Highlights Energy Efficiency

Thursday 30th October 2014

YESTERDAY saw the opening of the Eco Expo Asia showcasing green products and energy saving technology. The Expo runs from 29 October until Saturday 1 November with many exhibitors from 22 countries and regions taking part, highlighting energy efficiency amongst other eco technologies. Eco Expo Asia is comprised of four themed days: ...

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National Parks Turning Greener
National Parks Turning Greener

Monday 27th October 2014

THE U.S. National Park Service is investing $29 million in 81 individual energy efficiency and water conservation projects at national parks throughout the greater Washington region. This unprecedented commitment to reducing energy use and generating energy from renewable sources is the largest to date among the nine bureaus in the ...

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UK Cities Call for PM to Back Binding Energy Efficiency Target
UK Cities Call for PM to Back Binding Energy Efficiency Target

Wednesday 22nd October 2014

FOUR UK Cities are calling on the government to support the EU’s binding energy efficiency targets for 2030. Bristol, Aberdeen, Leicester and Milton Keynes, all members of Energy Cities, sent a letter to British Prime Minister David Cameron urging him the to “support an ambitious, binding, energy efficiency target for 2030, ...

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EU Can Cut Natural Gas Imports by Half
EU Can Cut Natural Gas Imports by Half

Tuesday 21st October 2014

BY ramping up cost-effective investments in renewable energy and energy efficiency the European Union can cut its dependency on natural gas imports in half, according to new analysis released yesterday. Carbon reductions of 49% or more could be achieved below the 1990 level by 2030 – far more than currently ...

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Jordan get $207.5M for Solar Energy Plants
Jordan get $207.5M for Solar Energy Plants

Monday 20th October 2014

JORDAN is to get $207.5 million to fund the construction of seven solar plants to boost the Kingdom’s use of renewables and help transform its energy sector. The International Finance Corporation (IFC), a member of the World Bank Group, finalized the debt package for the solar project, which is the largest ...

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$10M Savings from Energy Efficiency for University
$10M Savings from Energy Efficiency for University

Friday 17th October 2014

THE University of Southern Mississippi, U.S., has undertaken significant changes in energy consumption and efficiency that have resulted in a savings of more than $10 million since 2009. Facilities across the Hattiesburg campus – including those designated for academics, athletics, residence life and dining – continue to be examined to determine ...

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$30M IFC Loan for Brazilian Energy Efficiency and Renewables
$30M IFC Loan for Brazilian Energy Efficiency and Renewables

Wednesday 15th October 2014

A loan of $30 million to Banco Caixa Geral of Brasil (BCG) funding renewable energy projects to mitigate climate change in Brazil has been made by International Finance Corporation (IFC). The IFC, a member of the World Bank Group, is making the five year loan to BCG, which is part of ...

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Bucharest to get EUR42M for Energy Efficiency Upgrades
Bucharest to get EUR42M for Energy Efficiency Upgrades

Friday 10th October 2014

THE European Investment Bank (EIB) is lending €22.47 million, the first tranche of €42 million, to finance the second phase of an energy efficiency programme in Bucharest, Romania.. The programme is the refurbishment programme for multi-family housing in Bucharest, which is expected to result in around 50% savings in the heating ...

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Global Energy Efficiency Market Worth $310B Annual
Global Energy Efficiency Market Worth $310B Annual

Thursday 9th October 2014

THE global energy efficiency market is worth at least $310 billion a year and growing, according to a new report from the International Energy Agency. The conclusion confirms the position of energy efficiency as the world’s “first fuel”. The report also finds that energy efficiency finance is becoming an established market ...

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