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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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Energy Efficiency Improvement for Siberian Schools
Energy Efficiency Improvement for Siberian Schools

Monday 2nd December 2013

AN EBRD (European Bank for Reconstruction and Development) pilot project in western Siberia will allow local schools to increase the energy efficiency of their buildings by outsourcing energy efficiency.  The firms involved in improving the energy efficiency will recoup their costs by receiving a share of the savings on the schools’ energy ...

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Call for Business 'Green Deal' to be Relaunched
Call for Business 'Green Deal' to be Relaunched

Friday 29th November 2013

A coalition of civil servants, parliamentarians and business leaders is urging the UK government to relaunch the Green Deal scheme for small businesses to obtain loans for energy efficiency improvements. The report, published jointly by the Westminster Sustainable Business Forum and Carbon Connect, argues significant benefits – including reduced energy bills, ...

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Energy Efficiency Boost for Bulgaria's Public Buildings
Energy Efficiency Boost for Bulgaria's Public Buildings

Thursday 28th November 2013

THE European Bank for Reconstruction and Development (EBRD) is launching a program to increase energy efficiency investments in public buildings and services in Bulgaria. Buildings account for up to 40% of Bulgaria’s energy consumption, and public facilities such as schools, universities, or town halls are a large segment of the total ...

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Energy Efficiency Boost for 13 States
Energy Efficiency Boost for 13 States

Wednesday 27th November 2013

THE U.S. Energy Department yesterday awarded nearly $4 million to 13 states to increase statewide energy savings and boost the energy efficiency of public institutions, local governments and industrial sectors. The awards were all part of the Obama Administration’s efforts to double energy productivity by 2030 and help reduce energy ...

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India's Steel Industry Energy Efficiency Boost
India's Steel Industry Energy Efficiency Boost

Tuesday 26th November 2013

THE Times of India reports that the countries steel industry is directing its efforts to expanding a project aimed at reducing energy consumption by small scale steel producers. The existing project, which started in 2004 and ends next month, has been deemed a great success, but only 34 small-scale steel plants ...

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Revolving Energy Efficiency Fund for University
Revolving Energy Efficiency Fund for University

Friday 22nd November 2013

OREGON’S Portland State University have launched a $500,000 Green Revolving Fund to reduce PSU’s greenhouse gas emissions, lower utility bills and advance the goals of the University’s Climate Action Plan. A committee of PSU staff and faculty will select projects that improve the condition of campus buildings and reduce their environmental ...

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Energy Efficiency Boost for Cities
Energy Efficiency Boost for Cities

Wednesday 20th November 2013

THE World Bank has announced a $9 million initiative to help cities in developing countries improve energy efficiency for the benefit of the individual nation’s and the environment. The City Energy Efficiency Transformation Initiative (CEETI) aims to get city decision makers to integrate energy efficiency into their strategic planning and operations; ...

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Energy Efficiency Funding for Bulgarian Businesses
Energy Efficiency Funding for Bulgarian Businesses

Tuesday 19th November 2013

THE European Bank for Reconstruction and Development (EBRD) is providing a new loan of €15 million to Bulgarian bank Raiffeisenbank to strengthen its energy efficiency efforts. The loan comes under the Bulgarian Energy Efficiency for Competitive Industry Finance Facility (BEECIFF), which benefits from donor support provided under EU Structural Funds. The ...

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World Climate Summit Focuses on Energy Efficiency
World Climate Summit Focuses on Energy Efficiency

Monday 18th November 2013

YESTERDAY was the first of the two day World Climate Summit in Warsaw, Poland, and the focus was very much on energy efficiency and energy saving targets. The final discussion of the day was themed: ’Innovative approaches to energy transition from fossil fuels to renewable sources', raising a lot of interest. ...

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Energy Efficiency Central to Tackling Emissions and Costs
Energy Efficiency Central to Tackling Emissions and Costs

Thursday 14th November 2013

THE International Energy Authority (IEA) yesterday released their 2013 World Energy Outlook, revealing that energy efficiency has to play a more central role in tackling emissions and rising energy bills. The report, released yesterday in London, presents a central scenario in which global energy demand rises by one-third in the period ...

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Schools Save Big Through Energy Efficiency Program
Schools Save Big Through Energy Efficiency Program

Wednesday 13th November 2013

DURING the first year of its energy savings and efficiency program, Fort Wayne Community Schools (FCWS) have saved $862,333. FWCS began the Energy Leadership program in the spring of 2012 and surpassed its original annual savings goal of $590,000. On top of that, three schools have been recognized by the ...

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Energy Efficiency Boost for Rural States
Energy Efficiency Boost for Rural States

Monday 11th November 2013

UNITED States Agriculture Secretary Tom Vilsack announced on Friday funding for 424 projects across the country to help agricultural producers and rural small businesses reduce their energy consumption and costs. The Rural Energy for America Program (REAP) offers financial assistance to farmers, ranchers and rural small businesses to purchase and install ...

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Energy Efficient US State Scorecard
Energy Efficient US State Scorecard

Friday 8th November 2013

THE American Council for an Energy-Efficient Economy (ACEEE) have released their seventh annual state scorecard, which ranks states on their energy efficiency policy and program efforts. Energy efficiency measures are thriving in state capitals around the United States, with several states, including Mississippi, Connecticut, Illinois, and West Virginia, taking major steps ...

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Energy Efficiency Money for Georgia's MSEs
Energy Efficiency Money for Georgia's MSEs

Wednesday 6th November 2013

THE European Bank for Reconstruction and Development (EBRD) is providing $6 million to micro and small enterprises (MSE) in Georgia to promote energy efficiency and renewable energy. The funds are being made available through Credo, Georgia’s largest non-bank microfinance institution with a strong presence in rural areas and an extensive coverage ...

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Plenty of Investment in UK Energy Sector
Plenty of Investment in UK Energy Sector

Tuesday 5th November 2013

IN the Olympic year, private sector investment in the UK energy sector rose to £11.6bn, equivalent to building 20 Olympic Stadiums, according to a report from EY for EnergyUK. The report - Powering the UK 2013 - which looks at the sector’s total economic, investment and employment contributions to the UK, ...

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Financial Energy Efficiency Boost for Balkans
Financial Energy Efficiency Boost for Balkans

Monday 4th November 2013

BALKAN states are receiving a €10 million energy efficiency boost thanks to the European Bank of Reconstructions and Development (EBRD). UniCredit Bank d.d. Mostar is joining the new Western Balkans Sustainable Energy Efficiency Facility II (WeBSEFF II) with the loan from the EBRD. The funds will be on-lent to private and ...

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Boost for Brazilian Energy Efficiency Measures
Boost for Brazilian Energy Efficiency Measures

Friday 1st November 2013

BRAZILIAN companies are receiving a boost to invest in energy efficiency measures from the Global Environment Facility (GEF) and the Inter-American Development Bank (IDB). $1.6 million in guarantees has been issued under the Energy Efficiency Guarantee Mechanism, which is a credit tool which the IDB uses. They use their credit rating ...

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ADB Funds Asian Business Energy Efficiency Expansion
ADB Funds Asian Business Energy Efficiency Expansion

Tuesday 29th October 2013

HOSPITALS, hotels, malls, and many other businesses in Southeast Asian countries are expected to adopt cost-effective, energy-saving solutions through energy efficiency projects funded by ADB (Asian Development Bank). ADB at the end of last week signed a multicurrency loan worth $20 million for energy efficiency projects. This innovative and flexible loan ...

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EBRD Energy Efficiency Funding Boost for Russian SMEs
EBRD Energy Efficiency Funding Boost for Russian SMEs

Monday 28th October 2013

THE European Bank for Reconstruction and Development (EBRD) is lending 1.7 billion Roubles to UniCredit Leasing Russia (UCLR) to finance new leases to energy efficiency projects. UniCredit Leasing Russia (UCLR) is one of the top leasing companies in Russia, and will target the loans at small and medium-sized enterprises (SME) in ...

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UN Secretary General Calls for Commitments on Energy Efficiency
UN Secretary General Calls for Commitments on Energy Efficiency

Thursday 24th October 2013

UNITED Nations Secretary-General, Ban Ki-moon stated yesterday that the world is at a “tipping point,” and how it produces, distributes and uses energy will determine if sustainable development succeeds. Ban was highlighting that climate financing, in particular new public-private partnerships, increased investment and enhanced market development. “Promoting energy efficiency will realize massive ...

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EU Eastern Partnership Energy Efficiency Boost
EU Eastern Partnership Energy Efficiency Boost

Wednesday 23rd October 2013

ARMENIA, Georgia and Moldova have joined the Eastern Europe Energy Efficiency and Environment Partnership (E5P) to significantly boost their support for energy efficiency and the reduction of harmful emissions. During a pledging conference held Monday this week at the European Investment Bank (EIB) in Luxembourg, the international donor community raised ...

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Jamaica to Speed Up Public Sector Energy Efficiency
Jamaica to Speed Up Public Sector Energy Efficiency

Monday 21st October 2013

THE Jamaican Government is looking to speed-up the provision of energy saving solutions under the Public Sector Energy Efficiency and Conservation programme. Jamaica’s Principal Director in the Ministry of Science, Technology, Energy and Mining, Fitzroy Vidal, said that work under the programme is “fairly advanced.” “We are going to do as much ...

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Energy Efficiency Technology Boost for Belarus
Energy Efficiency Technology Boost for Belarus

Wednesday 16th October 2013

ENERGY efficiency equipment worth €4 million will be delivered to Belarus, the Head of the EU Delegation to Belarus, Maira Mora revealed to BelTA yesterday. The equipment will be supplied under the EU’s project “Support in the field of norms and standards related to energy efficiency of consumer goods and industrial products”, and ...

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Building Energy Efficiency In Asia
Building Energy Efficiency In Asia

Tuesday 15th October 2013

BUILDING owners in Asia markets are motivated by savings and government programs to drive energy efficiency decisions, according to the 2013 Energy Efficiency Indicator (EEI) study by Johnson Controls. The survey revealed a 10 percent increase in interest in energy efficiency since 2010 in Asia, and a lack of capital and ...

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Energy Efficiency Saves NY Schools $37M Annually
Energy Efficiency Saves NY Schools $37M Annually

Monday 14th October 2013

THE New York Power Authority’s (NYPA) Energy Services for Schools Program has saved school districts roughly $37 million dollars in energy costs annually. The NYPA revealed the success of their program to highlight the significant economic and environmental benefits from increased investments in energy efficiency and clean energy technologies at public ...

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