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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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States Reach Record Energy Efficiency Investments Levels
States Reach Record Energy Efficiency Investments Levels

Friday 6th January 2012

BUDGET for energy efficiency programmes across the USA reached a record level of $6.8 billion in 2011 - a 25 percent increase over 2010, so writes Joe Romm on Climate Progress. The record amount was due to an increase in the number of improved energy efficiency standards across many States, writes ...

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New Indian Energy Efficiency Loan Fund
New Indian Energy Efficiency Loan Fund

Thursday 5th January 2012

INDIAN financial services provider Tata Capital, aims to issue Rs 7,000 — 8,000 crore ($1.43-$1.8 billion) for energy efficiency financing over the next five years, a company official said yesterday. A Memorandum of Understanding (MoU) was signed by Tata Capital with the Indian Bureau of Energy Efficiency (BEE) to put in ...

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Wales Gains Power for Energy Efficiency Building Regulations
Wales Gains Power for Energy Efficiency Building Regulations

Wednesday 4th January 2012

THE Welsh Government is to use its new powers to improve energy efficiency in non-domestic buildings. The Welsh Government assumes responsibility this week for building regulations from the UK central government in Westminster, and has revealed their energy efficiency plans. From the beginning of this year the Welsh Assembly have the devolved ...

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KfW Offer New Sustainability Financing in Germany
KfW Offer New Sustainability Financing in Germany

Friday 30th December 2011

GERMAN bank KfW are providing a new financing vehicle for renewable energies, energy efficiency and innovations for Germany’s energy turnaround across the private and public sectors. The expanded range of energy and environmental financing, "KfW Energy Turnaround Action Plan" for enterprises starts on January 1 and will be broadly-based financing for ...

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Renewables Bring £2.5bn Boost to UK Economy
Renewables Bring £2.5bn Boost to UK Economy

Friday 30th December 2011

UK ENERGY Secretary Chris Huhne today revealed more evidence of the economic benefits of renewable energy and reaffirmed the UK coalition government’s commitment to meeting EU renewable energy targets. This came as the UK published an update on progress to source 15% of all energy from renewable sources by 2020. Latest ...

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Fund Boost for Energy Efficiency Businesses in China
Fund Boost for Energy Efficiency Businesses in China

Tuesday 27th December 2011

THE Japan Bank for International Cooperation announced yesterday that it is to establish an investment fund for the energy-saving and environmental protection business in China. The fund will be established with companies and financial institutions in Japan and China, including Mizuho Corporate Bank, JGC Corporation, The Export-Import Bank of China and ...

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New Zealand Authority Consulting on Energy Efficiency
New Zealand Authority Consulting on Energy Efficiency

Monday 26th December 2011

NEW Zealand’s Energy Efficiency and Conservation Authority (EECA) has only two weeks left on its consultation on the use of an electricity levy, including an appropriation for electricity efficiency improvements. The Authority, which promotes energy efficiency. make clear that investing in electricity efficiency helps the economy and the countries businesses achieve ...

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Investment in Efficiency Produces Big Energy Savings for Minnesota
Investment in Efficiency Produces Big Energy Savings for Minnesota

Thursday 22nd December 2011

THIRTY-SIX facilities across the U.S. state of Minnesota will realise more than $3 million in permanent, ongoing energy savings every year for the foreseeable future. These substantial savings are thanks to a one-time, $4.1 million energy upgrade grant programme administered by the Minnesota Department of Commerce, Division of Energy Resources (DER). ...

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EU's Energy Efficiency Directive Needs More Work
EU's Energy Efficiency Directive Needs More Work

Friday 16th December 2011

THE purpose of the proposed European Commission's Energy Efficiency Directive is to save energy while increasing growth, but how to combine both still needs to be decided upon by member states. British MEP Fiona Hall told EurActiv, “We are working hard to get compromises on this directive.” The proposal has been ...

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Pay as You Save with UK Energy Efficiency Finance Scheme
Pay as You Save with UK Energy Efficiency Finance Scheme

Thursday 15th December 2011

RESEARCH shows that UK businesses and organisations want to improve their energy efficiency and can now overcome the negatives of the current economic climate with help from a financing scheme. The estimated market for energy efficiency equipment finance in the UK is enormous, with research estimating that the market over the ...

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U.S. Agricultural and Rural Small Businesses Energy Efficiency Funding
U.S. Agricultural and Rural Small Businesses Energy Efficiency Funding

Thursday 15th December 2011

U.S. AGRICULTURE Secretary Tom Vilsack yesterday announced loans and grants for agricultural producers and rural small businesses to implement renewable energy and energy efficiency measures. The funding is provided through USDA Rural Development's Rural Energy for America Program (REAP). "Stable energy costs create an environment for job growth in rural America," ...

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€58M EU-EBRD Energy Efficiency Funding for Romanian SME
€58M EU-EBRD Energy Efficiency Funding for Romanian SME

Tuesday 13th December 2011

THE European Bank for Reconstruction and Development (EBRD) is continuing to support Romania’s energy security strategy by boosting funding to the real economy to increase energy savings and reduce carbon emissions. The Bank selected the 10 best projects financed under a joint EU-EBRD programme called the Energy Efficiency Finance Facility (EEFF). ...

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Energy Efficiency Financing Helps Thai Companies
Energy Efficiency Financing Helps Thai Companies

Friday 9th December 2011

IFC, a member of the World Bank Group, is scaling up energy efficiency and renewable-energy financing in Thailand by partnering with Bangkok Mitsubishi UFJ Lease Ltd. The collaboration will help companies find funding for projects that reduce greenhouse-gas emissions and use sustainable energy. IFC’s risk-sharing facility agreement with Bangkok Mitsubishi ...

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£30M Extra Funding for UK Public Sector and Community Energy Efficiency
£30M Extra Funding for UK Public Sector and Community Energy Efficiency

Thursday 8th December 2011

UK ENERGY Secretary Chris Huhne has today announced a £20 million boost to the existing public sector energy efficiency loan scheme and £10 million for local community energy projects. Huhne said: “This is great news for the public sector. Not only do we need to encourage energy efficiency in our schools, ...

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Code to Improve Energy Efficiency in Canadian Buildings
Code to Improve Energy Efficiency in Canadian Buildings

Tuesday 6th December 2011

THE 2011 National Energy Code of Canada for Buildings promises to bring a 25 percent improvement in the energy efficiency of the country’s buildings. Some 245 technical changes have been made to the 2011 National Energy Code of Canada for Buildings to accommodate new technologies and construction practices that have emerged ...

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EU Support for Energy Efficiency in Ukraine
EU Support for Energy Efficiency in Ukraine

Monday 5th December 2011

THE European Commission today adopted a financial package to support energy efficiency and environment along with public administration and regional development, in Ukraine. The third component of the Annual Action Programme (AAP) for 2011 is worth €105 million in total and consists of three components. The third component of this assistance ...

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€100M Fund for South African Energy Efficiency and Clean Energy
€100M Fund for South African Energy Efficiency and Clean Energy

Monday 5th December 2011

SPECIALIST Bank Investec has reached an agreement with the European Investment Bank (EIB) to set up €100m of funding for the promotion of energy efficiency and clean energy in South Africa. The EIB and Investec will each contribute €50m to the fund, which will be available for selected projects over three ...

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Obama
Obama "Can't Wait" to Act on Energy Efficiency Upgrades

Friday 2nd December 2011

U.S. President Obama today announced nearly $4 billion in combined federal and private sector energy efficiency upgrades to buildings over the next 2 years. These investments will save billions in energy costs, promote energy independence, and, according to independent estimates, create tens of thousands of jobs in the hard-hit construction ...

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Trinidad and Tobago get Energy Efficiency Loan Boost
Trinidad and Tobago get Energy Efficiency Loan Boost

Friday 25th November 2011

A $60 million loan to help Trinidad and Tobago implement a more energy efficient, sustainable and clean energy matrix has been made by the Inter-American Development Bank (IDB). The loan, the first in a programmed series of three consecutive operations, similar to the facility we revealed for Jamaica yesterday, will strengthen ...

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Jamaican Energy Efficiency Programme gets Financial Boost
Jamaican Energy Efficiency Programme gets Financial Boost

Thursday 24th November 2011

A $20 million loan from from the Inter-American Development Bank (IDB) to finance the Jamaican Energy Efficiency and Conservation Programme, first of three such loans, was signed on Tuesday. The IDB has approved the three loans to be disbursed over coming days at an advantageous interest rate between 1.3 percent and ...

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More Energy Efficiency Action Needed from Philippines' Government
More Energy Efficiency Action Needed from Philippines' Government

Friday 18th November 2011

EXPERTS are calling for the Philippines’ Government to incentivise and promote energy efficiency to reduce consumption particularly as cleaner energy is being developed. Philippines’ BusinessWorld Online reports Jose Bienvenido Manuel M. Biona, Research Scientist of De La Salle University commenting at a briefing: "We should look at energy efficiency while renewable ...

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City of Sydney Office Energy Efficiency Scheme
City of Sydney Office Energy Efficiency Scheme

Friday 18th November 2011

THE Australian city of Sydney intends to sign 10 agreements over the next 12 months to improve energy efficiency in the city’s office buildings. A city official said yesterday that the plan is to help commercial building owners to gain access to private capital and to share the upgrade costs with ...

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Hungarian Energy Efficiency Incentives
Hungarian Energy Efficiency Incentives

Thursday 17th November 2011

ENERGY efficiency projects in Hungary have received nearly HUF 80 billion ($343.6 million) in grants. Hungarian SMEs received the vast majority of the incentive money, which was used for energy efficiency building upgrades, and the “Norwegian Financing Mechanism” is to ensure another HUF 5.6 billion ($24 million) for a similar ...

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Cheese and Steel Bear Energy Saving Fruit
Cheese and Steel Bear Energy Saving Fruit

Wednesday 16th November 2011

THE European Bank for Reconstruction and Development (EBRD) is continuing its drive to promote energy saving in Ukraine through specialised energy efficiency initiatives and bearing fruit. The latest programme and the largest to date is the $160 million Ukraine Energy Efficiency programme (UKEEP), which is now nearing completion. In the Ukrainian capital ...

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Thailand Funding to Improve Post Flood Energy Efficiency
Thailand Funding to Improve Post Flood Energy Efficiency

Monday 14th November 2011

THE Thai Government has earmarked 1.55 billion Baht ($50,309,901) in grants and loans for businesses who participate in energy-saving efficiency enhancement programmes, so reports the Bangkok Post. Thailand has suffered from severe flooding since July, most significantly in the Chao Phraya but also in the Mekong River basin, affecting over 2.3 ...

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