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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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UK On Shaky Track to Energy Targets
UK On Shaky Track to Energy Targets

Friday 11th October 2013

THE UK Government claims the country is on track to reduce emissions by 34% by 2020 due to Government reforms towards a low-carbon economy, despite disputes over energy policy. UK Secretary of State, Edward Davey, yesterday revealed the Government’s assessment of progress made in reducing emissions across each sector of the ...

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Smart Lights for Crossmolina, Ireland
Smart Lights for Crossmolina, Ireland

Friday 4th October 2013

IRISH Energy Minister, Pat Rabbitte, switched on smart street lighting in the town of Crossmolina in County Mayo yesterday. Crossmolina was picked as a pilot town to test a new public lighting initiative, in a first-of-its-kind venture for Ireland. The target is for long term savings for the town and Mayo ...

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Kosovo Receives Energy Efficiency Funding Boost
Kosovo Receives Energy Efficiency Funding Boost

Wednesday 2nd October 2013

THE European Bank for Reconstruction and Development (EBRD) is launching the Kosovo Sustainable Energy Projects Framework (KoSEP), with €12 million finance and €3 million from the EU Office in Kosovo. The framework has been designed to encourage small and medium-sized enterprises to invest in energy efficiency technology and the rational use ...

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Green Financing for Sri Lanka
Green Financing for Sri Lanka

Tuesday 1st October 2013

PAN Asia Bank has entered into an agreement with the Global Climate Partnership Fund (GCPF) to raise $20 million through a seven year unsecured loan in Sri Lanka, reports The Island. The funds raised will be utilized to finance energy efficiency and renewable energy projects which would support the post conflict ...

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Bosnia Herzegovina Look to Improve Energy Efficiency in Public Buildings
Bosnia Herzegovina Look to Improve Energy Efficiency in Public Buildings

Thursday 26th September 2013

THE Bosnia Herzegovina Environmental Fund and the United Nations Development Program (UNDP) has signed an agreement to improve energy efficiency in the country’s public buildings. The two organizations are planning to implement an energy management and audit system in 400 buildings throughout the republic, including education institutions, hospitals, municipal administration buildings ...

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Bahrain and World Bank set Energy Efficiency Program
Bahrain and World Bank set Energy Efficiency Program

Wednesday 25th September 2013

THE Government of Bahrain and the World Bank signed an agreement for an Energy Efficiency Implementation Program yesterday. The Program aims to provide support to the Government to address the challenge of curbing energy demand in the country over the next three years, which has one of the highest energy ...

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WEC Report Reveals Energy Efficiency Improvements Need to Improve
WEC Report Reveals Energy Efficiency Improvements Need to Improve

Wednesday 18th September 2013

THE World Energy Council (WEC) reveal that more still needs to be done to unlock the potential of energy efficiency to deliver energy and carbon savings across the globe. This message comes from the findings of a report to be published next month by the WEC and ADEME, the French environment ...

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Euro 40M Energy Efficiency and Renewables Boost for India
Euro 40M Energy Efficiency and Renewables Boost for India

Tuesday 17th September 2013

THE European Investment Bank (EIB) has signed a €40 million long-term loan to SREI Infrastructure Finance Limited (SREI) of India, with the main purpose of financing investments that will help to mitigate climate change in India. The loan will be supported by the Italian Export Credit Agency SACE S.p.A. This ...

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Energy Efficiency Technology Boost in New York State
Energy Efficiency Technology Boost in New York State

Monday 16th September 2013

THE New York State Energy Research and Development Authority (NYSERDA) have announced that it is making $3.3 million available for energy efficiency projects in commercial and institutional buildings. The program has been developed to accelerate the adoption and utilization of commercially available energy-saving and load management technologies and strategies. This funding opportunity, ...

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EIB Support for Energy Efficiency in Czech Republic
EIB Support for Energy Efficiency in Czech Republic

Tuesday 10th September 2013

THE European Investment Bank (EIB) has extended two intermediated loans combined with EU grant subsidies to support energy efficiency promoted by SMEs and Mid-Cap companies in the Czech Republic. Both loans are expected to benefit from the new SME Energy Efficiency Window with a view to supporting energy efficiency and renewable ...

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Loans for SMEs for Energy Efficiency Projects
Loans for SMEs for Energy Efficiency Projects

Friday 6th September 2013

A NEW finance facility has been launched to help UK SMEs to fund energy efficiency solutions, saving energy, costs and greenhouse gas emissions. ReEnergise SmartEnergy Finance has been launched this week by independent and specialist financial services company ReEnergise Finance, and is a dedicated commercial funding facility for SMEs for energy ...

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UK Businesses Concerned by Energy Market Reform
UK Businesses Concerned by Energy Market Reform

Thursday 5th September 2013

THREE quarters of UK businesses are worried about the impact Electricity Market Reform (EMR) will have on their business according to new research by utility npower. The Reform has been sparked by energy generating plant closures due over the next decade and hence the need for hefty capital investment of £110 ...

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Cash for Office Energy Efficiency Upgrades
Cash for Office Energy Efficiency Upgrades

Tuesday 3rd September 2013

THE State Government of Victoria, Australia, is to hand out AUS$3.59 million in grants to help improve the energy efficiency of Victoria’s commercial office buildings. The Coalition Government’s 'Smarter Resources Smarter Business – Energy Efficient Office Buildings' program aims to increase business productivity and reduce costs for building owners across Victoria ...

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CBI Calls for Big Push on Energy Efficiency
CBI Calls for Big Push on Energy Efficiency

Friday 30th August 2013

THE Confederation of British Industry (CBI) wants a major push on energy efficiency, urging the UK Government to streamline policies and for companies to step up action on energy efficiency. The CBI say such action will cut bottom line costs, manage risks and open up growth opportunities. In the new report, the ...

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EIB Funding to Boost Renewables in Central America
EIB Funding to Boost Renewables in Central America

Wednesday 28th August 2013

THE European Investment Bank (EIB) has agreed to provide $230 million backing to support investment in hydropower, wind, geothermal and photovoltaic renewable energy schemes across Central America. The joint program with the Central American Bank for Economic Integration will enable more than $500 million of investment in projects in six central ...

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Ireland Needs to Address Public Building Energy Efficiency
Ireland Needs to Address Public Building Energy Efficiency

Tuesday 27th August 2013

THE Irish Times report the claim by Friends of the Earth Dublin that Ireland’s Government could save €200 million annually if energy efficiency in public buildings was more thoroughly embraced. Friends of the Earth Dublin, report that “Saving public money is a government priority . . . yet ministers are silent ...

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Energy Efficiency Boost for Minnesota's Commercial and Industrial Buildings
Energy Efficiency Boost for Minnesota's Commercial and Industrial Buildings

Friday 23rd August 2013

LARGE commercial and industrial buildings in Minnesota will benefit from a state-wide $10 million energy efficiency program funded by revenue bonds through leading energy savers, the St. Paul Port Authority. St. Paul City Council approved the Port Authority to issue the bonds to finance energy efficiency projects via loans to cities ...

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Energy Efficiency Help for Australian SMEs
Energy Efficiency Help for Australian SMEs

Thursday 22nd August 2013

SMALL and medium enterprises in Australia who are looking to improve their energy efficiency are to benefit from the expansion of a 'Not for Profit' national sustainability scheme.  The Australian Department of Resources, Energy and Tourism is increasing the reach of the countries CitySwitch program to benefit more small and medium ...

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Theatre to Improve Energy Efficiency and Save
Theatre to Improve Energy Efficiency and Save

Wednesday 21st August 2013

THE Nottingham Playhouse theatre in England has been awarded almost £1 million as a grant to improve energy efficiency. The Playhouse opened in 1963 at a time when energy costs and the resultant carbon emission had little consideration in the design, making it now costly to operate. Part of the grant will be ...

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Help to Improve Energy Efficiency in U.S. Rural Businesses
Help to Improve Energy Efficiency in U.S. Rural Businesses

Tuesday 20th August 2013

U.S. Agriculture Secretary Tom Vilsack announced funding for 631 projects across the nation to help agricultural producers and rural small businesses reduce their energy consumption and costs. Grant and loan funding is made available through the U.S. Department of Agriculture's (USDA) Rural Energy for America Program (REAP), which is authorized by ...

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New York State Building Energy Report
New York State Building Energy Report

Monday 19th August 2013

THE New York Power Authority (NYPA) have completed a report on the energy use of New York State government buildings, providing a baseline for measuring the BuildSmart NY initiative. When fully carried out, BuildSmart NY, which will increase the energy efficiency of those building by 20 percent by 2020, will result ...

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Energy Efficiency Grants for Christchurch Rebuilding
Energy Efficiency Grants for Christchurch Rebuilding

Thursday 15th August 2013

THE Christchurch Agency for Energy in New Zealand has established a $1.8 million fund to encourage the use of advanced energy efficiency measures and renewables in the central city rebuild. Developers of buildings inside the four avenues, around the central part of the city, can apply to the Christchurch Energy Grants ...

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Municipality Borrow $3.7M for Energy Efficiency Upgrades
Municipality Borrow $3.7M for Energy Efficiency Upgrades

Wednesday 7th August 2013

THE City of Methuen in Massachusetts will borrow $3.7 million to invest in energy efficiency improvements for municipal and school buildings. The Eagle-Tribune reports that all the costs associated with the energy efficiency upgrades will be met through future energy savings over the next 15 years, estimated to be about $300,000 ...

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UC San Diego Receive $7.2M for Energy Efficiency Efforts
UC San Diego Receive $7.2M for Energy Efficiency Efforts

Tuesday 6th August 2013

THE University of California’s San Diego campus has been given $7.2 million for three years of energy efficiency efforts and upgrades from their local utility company. Utility company, San Diego Gas and Electric (SDG&E) presented a cheque for $7.2 million, incentive money made from the amounts of $330,000 for 2010, $2.5 ...

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China Continues Heavy Investment in Energy Efficiency
China Continues Heavy Investment in Energy Efficiency

Friday 2nd August 2013

CHINA is continuing the efforts to develop clean energy and energy efficiency according to Xie Zhenhua, the Vice Director of the National Development and Reform Commission. The Asian giant’s total investment in energy efficiency and greenhouse gas emission reduction projects is expected to be around $375 billion through to 2015, with ...

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