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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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Philippines Businesses get Energy Efficiency Boost
Philippines Businesses get Energy Efficiency Boost

Friday 7th June 2013

The Philippine’s Sun Star reports on the efforts by the European Chamber of Commerce in the Philippines (ECCP) to promote energy efficiency in businesses and those located in economic zones. The paper reports that the ECCP have formed a partnership with the Philippine Economic Zone Authority (Peza) for the promotion of the ...

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Call for Californian Private Capital for Energy Efficiency
Call for Californian Private Capital for Energy Efficiency

Thursday 6th June 2013

CALIFORNIA can extend the duration and effectiveness of the state’s landmark energy improvement initiative, Proposition 39, for schools and public buildings, claims a white paper from the Advanced Energy Economy (AEE). The AEE (a nationwide US business organization representing the advanced energy industry) white paper states that if California dedicates a ...

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EIB Sustainable Funding Boost for Italian Businesses
EIB Sustainable Funding Boost for Italian Businesses

Wednesday 5th June 2013

THE European Investment Bank (EIB) and the UniCredit Group have signed agreements which includes €100 million funding for companies to implement environmental and renewable energy projects. The funding is aimed at financing small and medium-scale projects in the industrial and sustainable community sectors via UniCredit and UniCredit Leasing, targeting in particular ...

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Kuwait to Develop National Energy Efficiency Program
Kuwait to Develop National Energy Efficiency Program

Tuesday 4th June 2013

A POPULATION boom along with economic development has produced growth in energy consumption across the Middle East, prompting Gulf states to implement energy efficiency initiatives. Countries which have already launched national energy efficiency programs include the Kingdom of Saudi Arabia, and the United Arab Emirates - but now Kuwait is starting ...

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World Bank Aid Energy Plans in Turkey
World Bank Aid Energy Plans in Turkey

Monday 3rd June 2013

TURKEY is looking to reduce energy consumption, expand renewable energy generation and cut greenhouse gas emissions ahead of its centennial in 2023, with commitments to ambitious action plans. Electricity demand in Turkey has been increasing by as much as 7-8 percent in recent years, resulting in energy transmission and peak capacity ...

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France Aid Jordan with Energy Efficiency Grant
France Aid Jordan with Energy Efficiency Grant

Friday 31st May 2013

THE Jordanian Ministry of Planning on Wednesday signed an agreement with the French Development Agency for an energy efficiency grant. The €500,000 grant is aimed at supporting Jordan in the countries efforts to implement energy efficiency improvements and procedures across the Kingdom. The French Development Agency has supported Jordan with other developments ...

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World Bank Call for Further Investment in Energy Efficiency
World Bank Call for Further Investment in Energy Efficiency

Thursday 30th May 2013

A WORLD Bank report, Sustainable Energy for All Global Tracking Framework, released yesterday, highlighted that energy efficiency investment needs to increase, despite promising advances recently. The report noted that 1.2 billion people do not have access to electricity, about 17 percent of the world’s population, and 2.8 billion rely on inefficient ...

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Vietnam's Buildings get Energy Efficiency Boost
Vietnam's Buildings get Energy Efficiency Boost

Wednesday 29th May 2013

THE Investment Climate Advisory Services of the World Bank Group is supporting the Vietnamese Ministry of Construction’s efforts to improve energy efficiency in buildings, reducing energy costs and CO2 emissions. An agreement has been signed which will see the International Finance Corporation (IFC), a member of the World Bank Group, help ...

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Kosovo Receives Energy Efficiency Funding
Kosovo Receives Energy Efficiency Funding

Thursday 23rd May 2013

A €5 million loan from the European Bank for Reconstruction and Development (EBRD) will enable Kosovo’s business to invest in energy efficiency and renewable energy projects. The loan to Turk Ekonomi Bankasi (TEB), will open up loans for financing of rational energy utilization and assist small and medium-sized enterprises in combating ...

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UK Local Authorities Miss Out on Energy Savings
UK Local Authorities Miss Out on Energy Savings

Wednesday 22nd May 2013

OVER a third of all local authorities across England and Wales are in breach of the European Energy Directive, designed to improve the energy efficiency of their public buildings. A recent Freedom of Information (FoI) request by the Property and Energy Professionals Association (PEPA) to all authorities in England and Wales, ...

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Melbourne Plan for Energy Efficient Buildings
Melbourne Plan for Energy Efficient Buildings

Thursday 16th May 2013

MELBOURNE, Australia, has introduced an amendment to their planning scheme which is designed to improve energy efficiency in new buildings and to reduce the city’s carbon footprint. The vast majority of new buildings constructed in the city will be required to meet a strong set of industry accepted and recognized minimum ...

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Pennsylvania's Small Businesses Green Energy Funding Boost
Pennsylvania's Small Businesses Green Energy Funding Boost

Wednesday 15th May 2013

THE Governor of Pennsylvania, Tom Corbett, announced yesterday that the State’s Department of Environmental Protection has awarded $32,880 in grants to help small businesses to invest in energy-efficiency. “Investment in small business is a cornerstone to sound economic growth,” Corbett said. “These grants will help small business owners continue to thrive ...

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EBRD Boost Furniture Giant's Energy Efficiency Improvements
EBRD Boost Furniture Giant's Energy Efficiency Improvements

Tuesday 14th May 2013

THE European Bank of Reconstruction and Development (EBRD) is providing a $12 million loan to Azerbaijan’s largest furniture manufacturer, Embawood, to finance in part, energy efficiency improvements. The EBRD loan is complemented by €120,000 Technical Cooperation funds provided by the Early Transition Countries Initiative and the Regional Energy Efficiency Program for ...

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EU Leaders Need to Back Energy Reform
EU Leaders Need to Back Energy Reform

Friday 10th May 2013

EUROPEAN Commission President, Jose Manuel Barroso, yesterday pushed to make significant progress on energy and tax fraud and evasion at the European Council on 22 May. Writing to other European leaders, President Barroso highlighted: "We can tackle these challenges better together. Energy prices differ considerably across the EU, because our market ...

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$2 Million for Pacific Energy Project
$2 Million for Pacific Energy Project

Thursday 9th May 2013

SUSTAINABLE energy projects across Pacific states received a $2 million injection following an agreement signed by the Secretariat of Pacific Regional Environment Programme (SPREP) and the United Nations Development Programme (UNDP). The funding will be provided through the Small Island Developing States' Sustainable Energy Initiative and are provided by Denmark’s Government ...

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Group Warn UK to Invest More in Energy Efficiency
Group Warn UK to Invest More in Energy Efficiency

Tuesday 7th May 2013

AN organisation that represents leading UK industries have expressed `grave concern' about the low priority the UK Government has given to energy saving, claiming that their prime initiative is doomed to fail. They state in a letter to Ed Davey, UK Secretary of State for energy and climate change, that the ...

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Azerbaijan to get Energy Efficiency Financing Boost
Azerbaijan to get Energy Efficiency Financing Boost

Friday 3rd May 2013

THE International Finance Corporation (IFC), part of the World Bank Group, is looking for proposals from Azerbaijan’s Banks to start funding energy efficiency and renewable energy projects in Azerbaijan. The IFC recently publicised that it is to provide funding to Bank Respublika to start financing such projects, particularly expanding finance to ...

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Jamaica Lifts Duty on Energy Efficiency Technology
Jamaica Lifts Duty on Energy Efficiency Technology

Thursday 2nd May 2013

THE Jamaican Observer reports that more energy efficiency and renewable energy devices can now be imported into Jamaica duty free - which will boost energy efficiency across the island. The suspension of the Common External Tariff (CET) on clean energy technology by the Council for Trade and Economic Development (COTED) will ...

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Pakistan's SMEs Save Big on Energy
Pakistan's SMEs Save Big on Energy

Tuesday 30th April 2013

PAKISTAN’S SMEs averaged a nine percent saving on their energy costs, valued at over Rs61 million, after energy saving measures were taken by 22 companies over the last 12 months. The majority of savings were made in the textile sectors in Karachi, Lahore Faisalabad and Sialkot and are the result of ...

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Bulgaria Looks to Denmark for Energy Efficiency Help
Bulgaria Looks to Denmark for Energy Efficiency Help

Thursday 25th April 2013

BULGARIA is looking to Denmark to aid them in their pursuit of energy efficiency improvements due to the Danes experience in energy saving. Realizing that the Danish Government are also willing to provide financial support for energy efficiency projects is also an attraction for Bulgaria. “Denmark will help Bulgaria boost its energy ...

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Latin America and Caribbean get Energy Efficiency Fund
Latin America and Caribbean get Energy Efficiency Fund

Monday 22nd April 2013

THE Inter-American Development Bank (IDB) announced a $50 million Energy Efficiency Finance Facility, for companies in Latin America and the Caribbean. The energy efficiency fund will be available to those companies that invest in energy saving improvements and self-supply renewable energy projects. The IDB will provide small-scale financing for projects that ...

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IEA Report Highlights Need for Energy Efficiency
IEA Report Highlights Need for Energy Efficiency

Friday 19th April 2013

THE urgent need for improvement in energy efficiency globally has been dramatically highlighted by the International Energy Agency's (IEA) annual report released Wednesday. The rapid expansion of renewable technologies is one of the few bright spots in an otherwise bleak assessment of global progress towards low-carbon energy, the IEA said in ...

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Chu Calls for Improvement in Indian Energy Efficiency
Chu Calls for Improvement in Indian Energy Efficiency

Thursday 18th April 2013

IT is vital for India to crank up its energy efficiency, claimed US Energy Secretary Steven Chu in Delhi on Tuesday. The country sources around 80 percent of its energy via overseas supplies, hence the call for the improvement in energy efficiency to reduce dependence on expensive energy imports. Chu said to ...

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Slovakian Energy Efficiency Projects Funding Boost
Slovakian Energy Efficiency Projects Funding Boost

Tuesday 16th April 2013

THE Slovak Republic is getting a financial boost to energy efficiency across the country with a €15m loan from the European Bank for Reconstruction and Development (EBRD). The funds will be on-lent via Vseobecna uverova banka, a.s. (VUB) to municipal borrowers, private municipal service providers, energy service companies and housing associations ...

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Thailand Sets the Example in Energy Efficiency
Thailand Sets the Example in Energy Efficiency

Friday 5th April 2013

THE energy efficiency sector in Thailand shows that a robust governmental lead aligned with access to international funding can combine to develop an energy efficient economy. This is the conclusion reached by Louise Brown and Athena Ballesteros in an article on GreenBiz.com, where they report that in the early 1990's, Thailand’s ...

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