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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

KfW to Lend €100 billion for German Energy Transformation
KfW to Lend €100 billion for German Energy Transformation

Friday 10th August 2012

GERMAN government-owned development bank KfW announced that they will lend €100 billion ($123 billion) to renewable energy and energy efficiency programmes over the next five years. Dr Ulrich Schröder, Chief Executive Officer of KfW said: "KfW has taken responsibility as a promotional bank” in the country’s transition from fossil fuels and ...

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Energy Awareness Needed for UK
Energy Awareness Needed for UK

Thursday 9th August 2012

LACK of awareness in the UK about the cost of energy means that action needs to be taken ahead of the government’s Green Deal energy efficiency scheme to change behaviour.. BusinessGreen reports that the UK government and businesses need to increase their marketing efforts ahead of the launch of the scheme, ...

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Connecticut Launches New Energy Savings Initiative
Connecticut Launches New Energy Savings Initiative

Wednesday 8th August 2012

THE State of Connecticut has launched an innovative energy savings performance contracting program that allows state agencies and municipalities to enter into performance contracting agreements with energy service companies. This program will upgrade facilities, reduce energy costs for the state and municipalities, create jobs, and drive investment in Connecticut’s economy. ...

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U.S. Energy Efficiency is a Challenge but with Great Potential
U.S. Energy Efficiency is a Challenge but with Great Potential

Friday 3rd August 2012

GETTING energy consumers in the U.S. to engage in energy efficiency programs is still a challenge but presents great potential according to Bloomberg Analyst Ted Hesser. FierceEnergy reports Hesser’s statement on a panel hosted by the Alliance to Save Energy and the Business Council for Sustainable Energy, where he called the ...

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German Industry to get Tax Exemption for Energy Efficiency Improvements
German Industry to get Tax Exemption for Energy Efficiency Improvements

Thursday 2nd August 2012

GERMANY is to allow heavy industries in the country to be exempt from environmental taxes, but only as long as they provide guarantees to improve their energy efficiency. The exemption was due to finish at the end of 2012, but the extension will see around 25,000 German companies continue to benefit ...

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Call for Energy Efficiency Improvement from South Korean Minister
Call for Energy Efficiency Improvement from South Korean Minister

Monday 30th July 2012

TO achieve sustainable growth South Korea needs to improve its energy efficiency according to Finance Minister Bahk Jae-wan reports Yon Hap News Agency. Recently South Korea has been suffering from very high temperatures leading to heat advisories being issued, with the result that electricity demand has been hitting highs, leading to ...

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Building Energy Efficiency Grants of S$3M for Singapore
Building Energy Efficiency Grants of S$3M for Singapore

Friday 27th July 2012

Singapore’s developers and building owners can expect more funding from the City State’s Building and Construction Authority (BCA) to improve the energy efficiency of their buildings according to channelnewsasia.com. Channel News Asia reports that under the Republic’s enhanced Green Mark Incentive Scheme for Existing Buildings, BCA will co-fund up to 50 ...

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Clean Energy and the Australian Federal Budget
Clean Energy and the Australian Federal Budget

Wednesday 25th July 2012

AUSTRALIA’S latest federal budget saw reaffirmation of support for renewable energy and energy efficiency and the benefits involved, according to the Clean Energy Council (CEC). Kane Thornton, Acting Chief Executive of CEC said “In this budget, the Federal Government has recognised the importance of the programs that are in place to ...

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USDA Proposed Rule to Help Rural Energy Efficiency Upgrades
USDA Proposed Rule to Help Rural Energy Efficiency Upgrades

Thursday 19th July 2012

U.S. Agriculture Secretary Tom Vilsack announced a proposed regulation that will help rural businesses and homeowners make affordable energy improvements to their buildings. This effort is expected to expand job opportunities in the construction industry and save businesses and homeowners money on their energy bills – reflecting the U.S. Administration’s overall ...

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Australian Businesses Spend to Improve Energy Efficiency
Australian Businesses Spend to Improve Energy Efficiency

Wednesday 18th July 2012

A REPORT from the Australian Industry Group (Ai Group) reveals that energy expenditure as a percentage of turnover increased 10 percent from 2008 to 2011 increasing demand for energy efficiency. Ai Group Chief Executive Innes Willox said that the report, "Highlights the mounting pressure on business from rising energy prices. We ...

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EU Energy Efficiency Directive Endorsed
EU Energy Efficiency Directive Endorsed

Friday 13th July 2012

THE deal on the proposed EU energy efficiency directive which we reported was struck by MEPs and Council on 13 June, was endorsed by the Energy Committee yesterday. The directive would introduce mandatory measures such as renovating public buildings and energy-saving schemes for utilities. The plenary vote is scheduled for ...

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U.S. Government's $14M Energy Efficiency Funding for 22 States
U.S. Government's $14M Energy Efficiency Funding for 22 States

Tuesday 10th July 2012

THE U.S. Energy Department recently announced new investments in state-led energy efficiency projects, supporting the government's commitment to reduce building energy costs and transfer those savings directly to taxpayers.  The Energy Department, through its State Energy Program, awarded nearly $14 million to 22 states and territories to conduct energy efficiency upgrades ...

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$20M for Sustainable World Cup
$20M for Sustainable World Cup

Thursday 5th July 2012

FIFA (Fédération Internationale de Football Association), have announced that they will spend $20 million for the 2014 World Cup in Brazil to be the first with a comprehensive sustainability strategy. FIFA and the Local Organising Committee (LOC) teamed up with the Brazilian government at Rio+20, the United Nations Conference on Sustainable ...

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£8m Green Scheme is Major Boost for South West England
£8m Green Scheme is Major Boost for South West England

Thursday 28th June 2012

A NEW £8 million energy efficiency and micro-generation initiative has been launched this month for the South West of England by the UK’s Energy Saving Trust and Regen SW. The initiative – Ready for Retrofit – the £8m programme will help local businesses prepare for the eco-refurbishment of tens of thousands ...

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Financial Giants to Invest $40 Billion into Clean Energy Projects
Financial Giants to Invest $40 Billion into Clean Energy Projects

Monday 18th June 2012

OVER the next decade U.S. financial giants Goldman Sachs will invest $40 billion into clean energy projects globally, according to media reports. The bank, who have already provided investment worth $4.8 billion into clean energy companies globally, is increasing their commitment due to the expanding desire of nations such as China ...

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Savings From South Africa's Business Energy Saving Programmes
Savings From South Africa's Business Energy Saving Programmes

Thursday 14th June 2012

ESKOM, the South African utility company, is delighted with the results so far from their energy saving programmes. South Africa’s Independent Online reports that a total of 46 businesses had committed to saving electricity, and so far they have achieved average demand savings of 261 megawatts (MW) during evening peak periods. ...

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Cities Need More Funding for Green Growth
Cities Need More Funding for Green Growth

Wednesday 13th June 2012

IN a new report from the Carbon Disclosure Project (CDP) 82% of cities identify the potential for economic growth as a result of climate change mitigation and adaptation. More than half the participating cities identify opportunities to create green jobs and new business initiatives. Despite the substantial prospects for green ...

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$50 Billion Sustainability Finance from Bank of America
$50 Billion Sustainability Finance from Bank of America

Tuesday 12th June 2012

THE Bank of America yesterday announced a new 10-year, $50 billion environmental business goal to help address climate change, reduce demands on natural resources and advance lower-carbon economic solutions. The Bank has also introduced significant new goals to reduce the environmental impact of its own operations. The new goal, effective from ...

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Bangladesh Businesses get Energy-Efficiency Financing
Bangladesh Businesses get Energy-Efficiency Financing

Monday 11th June 2012

EASTERN Bank Ltd. (EBL) in Bangladesh has developed the first Sustainable Energy Finance loan for the country to help companies implement energy-saving measures and boosting the competitiveness of private enterprises who take out such loans. Eastern Bank developed EBL Green Credit, with assistance from the South Asia Enterprise Development Facility, managed ...

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Australian Government Provide $20 Million Boost for SME Energy Efficiency
Australian Government Provide $20 Million Boost for SME Energy Efficiency

Thursday 31st May 2012

THE Australian Government has awarded more than $20 million to improve energy efficiency among small businesses. The Energy Efficiency Information Grants program, which is part of the country’s carbon pricing package, saw interest from over 200 SMEs. The grants are going to businesses and organisations across several sectors, such as manufacturing, agriculture ...

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Kentucky Farmers get Energy Efficiency Grants
Kentucky Farmers get Energy Efficiency Grants

Tuesday 29th May 2012

ALMOST $700,000 in energy efficiency grants are available to agricultural industries across the U.S. state of Kentucky. State Governor Steve Beshear revealed that the first round of applications came from 81 farms in 36 counties, with the grant money provided from the Kentucky Agricultural Development Fund. The programme offers 25 percent, up ...

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University Granted Over £1 Million for Energy Visualisation Project
University Granted Over £1 Million for Energy Visualisation Project

Friday 11th May 2012

PLYMOUTH University in the UK has been awarded more than one million pounds to lead an innovative project which will help people to understand how they use energy in their homes and buildings. It is hoped that eViz – Energy visualisation for carbon reduction – will help people with property, from ...

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Ethiopia and Nigeria get Renewable and Energy Efficiency Funding
Ethiopia and Nigeria get Renewable and Energy Efficiency Funding

Thursday 10th May 2012

ETHIOPIA and Nigeria have been given a financial boost to improve energy efficiency and renewable energy across the two countries from African Development Bank (AfDB). Ethiopia’s efforts to increase energy efficiency and diversify its hydro-dependent energy mix through renewable energy got a $50 million boost from the Climate Investment Funds (CIF) ...

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New York State to Invest $800M in Energy Efficiency
New York State to Invest $800M in Energy Efficiency

Wednesday 2nd May 2012

NEW York State is to invest $800 million to improve energy efficiency in their state governmental buildings, with the goal of reducing energy consumption by 20 percent over the next 4 years. The New York Power Authority (NYPA) will issue debt to finance the projects, which will involve energy efficient upgrades ...

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U.S. Government still Challenged by Energy Efficiency Example
U.S. Government still Challenged by Energy Efficiency Example

Tuesday 1st May 2012

U.S. Federal Agencies show progress towards sustainability, but funding and competing priorities conflict with ultimate energy efficiency goals. Progress towards answering U.S. President Barack Obama's challenge to "lead by example" in achieving greater energy efficiency is mixed in federal agencies, according to a survey conducted by the Government Business Council (GBC), ...

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