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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

Global Corporation Benefit from Energy Efficiency Self-Funding
Global Corporation Benefit from Energy Efficiency Self-Funding

Friday 11th November 2011

HOLCIM Group, one of the world's leading suppliers of cement and aggregates, has set aside CHF100 million (Swiss Francs) each year to further improve energy efficiency across the Group. This company are benefiting from financing many energy efficiency projects across its operations globally, countering rising energy prices, tough economic conditions, ...

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Incredible Potential for Economy in Energy Efficiency Financing
Incredible Potential for Economy in Energy Efficiency Financing

Wednesday 2nd November 2011

ENERGY efficiency investments can help the U.S. economy bounce back according to a new report compiled by Capital E for the Energy Foundation. The report, Energy Efficiency Finance – Models and Strategies, states that energy efficiency investments can create over one million jobs during the next decade. It also reveals that ...

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Energy Efficiency Upgrades Key to Green Growth
Energy Efficiency Upgrades Key to Green Growth

Friday 28th October 2011

A NEW World Economic Forum report recommends steps for governments to stimulate investments into energy efficiency upgrades in existing commercial buildings in order to enable job creation and green growth. The report, entitled, A Profitable and Resource Efficient Future: Catalysing Retrofit Finance and Investing in Commercial Real Estate, also describes ...

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Alabama Programme to Improve Energy Efficiency and Create Jobs
Alabama Programme to Improve Energy Efficiency and Create Jobs

Friday 28th October 2011

THE U.S. southeastern State of Alabama is acting to improve energy efficiency and create jobs through the Alabama Saves Energy Loan programme. The programme came into effect less than a year ago when it was seeded by $25 million from the U.S. Department of Energy, it was then further boosted by ...

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Hungary and UK Join Forces on Carbon Finance Barriers
Hungary and UK Join Forces on Carbon Finance Barriers

Monday 24th October 2011

A EUROPEAN low carbon finance summit yesterday looked to overcome barriers to green investment in Central and Eastern Europe and highlighted the significant commercial opportunities of an ambitious low carbon transition. The UK and Hungarian Governments have joined forces to bring together key finance experts, business leaders and policy makers to ...

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New Green Energy Efficiency Fund for South Africa's Industries
New Green Energy Efficiency Fund for South Africa's Industries

Thursday 20th October 2011

SOUTH Africa’s state-owned Industrial Development Corporation (IDC) has launched a R500-million ($62.6 million) fund, for energy efficiency and ‘self-use’ renewable energy projects in energy intensive industries. The fund, “Green Energy Efficiency Fund” (GEEF), is backed by the German development bank KfW, which has extended a €48-million long-term loan to the IDC. ...

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Commitment to Renewables from UK Government
Commitment to Renewables from UK Government

Thursday 20th October 2011

PROPOSALS to support renewable electricity and bring forward a surge of investment in the UK's energy infrastructure were published by the British Government today. The consultation proposes new support levels for large scale renewable electricity from 2013-17 (2014-17 for offshore wind) under the Renewables Obligation (RO). Deputy Prime Minister Nick Clegg said: ...

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Double Energy Efficiency Incentives for Businesses
Double Energy Efficiency Incentives for Businesses

Wednesday 19th October 2011

THE Tennessee Valley Authority (TVA) in the U.S, is to increase it’s cash incentives to business and industries taking part in the EnergyRight Solutions for Business and Industry programme. The cash incentive payment is to increase by 100 percent, from 5 cents to 10 cents for every kilowatt-hour saved by any ...

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Milwaukee Launches Energy Efficiency Programme for Businesses
Milwaukee Launches Energy Efficiency Programme for Businesses

Wednesday 12th October 2011

THE Mayor of Milwaukee, U.S., Tom Barrett has announced four innovative business funding products which is part of the Milwaukee Energy Efficiency (Me2) program. The financing is purposed to assist businesses and other non-residential properties in the city to complete energy-efficiency projects. BizTimes.com reports Barrett as saying: “Smart businesses understand the ...

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Euro Budget Targets Energy Efficiency and Renewables
Euro Budget Targets Energy Efficiency and Renewables

Tuesday 11th October 2011

ENERGY efficiency and renewable energy look set to be an investment priority under the new €346 billion European Regional Development Fund (ERDF) budget. There will be 11 investment priorities for ERDF budget for 2014-2020 being discussed in Brussels this week, with energy efficiency and renewables being identified as two areas that ...

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EIB Provide €500M Loan to Brazil for Energy Efficiency and Renewables
EIB Provide €500M Loan to Brazil for Energy Efficiency and Renewables

Monday 10th October 2011

THE European Investment Bank (EIB) is providing a €500 million loan to The Brazilian Development Bank (BNDES) of Brazil for projects in the renewable energy sector and improved energy efficiency. The objective of this operation is to support investments that generate environmental benefits with respect to combating climate change. Schemes will ...

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EBRD Extends €225M for Turkish Energy Efficiency and Renewables
EBRD Extends €225M for Turkish Energy Efficiency and Renewables

Tuesday 4th October 2011

THE European Bank for Reconstruction and Development (EBRD) has extended financing facilities to support Turkey’s investments in energy efficiency and renewable energy projects to increase energy savings and reduce carbon emissions. With the extension of the mid-size Sustainable Energy Financing Facility, or MidSEFF, originally launched in December 2010, the Bank will ...

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$1 Million Available for Energy Efficiency Improvements in Tennessee
$1 Million Available for Energy Efficiency Improvements in Tennessee

Monday 3rd October 2011

THE U.S. State of Tennessee is to receive a further funding boost of $1 million to improve energy efficiency across the state. The Tennessee Department of Economic and Community Development have announced that applications for a third round of Energy Efficiency and Conservation Block Grants (EECBG) will be accepted beginning on ...

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New Hampshire Companies REAP Energy Efficiency Funding
New Hampshire Companies REAP Energy Efficiency Funding

Thursday 29th September 2011

FIVE New Hampshire, U.S., companies received energy efficiency grants and loans totaling $285,454, the U.S. Department of Agriculture revealed on Monday. The grants and loan guarantees are being provided through the Rural Energy for America Program (REAP), a 2008 Farm Bill initiative. Molly Lambert, State director for Rural Development, said, “The REAP ...

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South Africa's Energy Saving Tax Allowance Detail
South Africa's Energy Saving Tax Allowance Detail

Thursday 29th September 2011

IN SOUTH Africa there is much anticipation for section 12L energy saving tax incentive, which is now a step closer to implementation. In section 12L the proposal is that taxpayers will be entitled to claim an allowance for energy efficiency savings resulting from activities in the production of income. The allowance ...

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EBRD Launches €60M Energy Efficiency Loans for Romanian SMEs
EBRD Launches €60M Energy Efficiency Loans for Romanian SMEs

Tuesday 27th September 2011

THE European Bank for Reconstructions and Development (EBRD) is helping SMEs in Romania improve their energy efficiency with a newly launched €60 million programme to fund sustainable energy investments. The funds will be channelled to Romania’s real economy, through local financial intermediaries, including banks and leasing companies. The Romanian SME Sustainable Energy ...

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EU Provide €70M for Ukraine's Energy Efficiency Programme
EU Provide €70M for Ukraine's Energy Efficiency Programme

Friday 23rd September 2011

THE EUROPEAN Union (EU) is to provide Ukraine €70 million for an energy efficiency programme. Ukraine’s Head of the State Agency for Energy Efficiency and Energy Saving, Mykola Pashkevych, said that the EU is providing the funding in support of a national programme for energy efficiency which will run until 2015. Pashkevych ...

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Luxembourg Unveils Tax Credits for Energy Efficiency
Luxembourg Unveils Tax Credits for Energy Efficiency

Friday 23rd September 2011

THE GRAND Duchy of Luxembourg is to provide tax credits to encourage energy efficiency improvements to buildings. Luxembourg’s Finance Minister Luc Frieden and Housing Minister Marco Schank recently unveiled the key details of various tax incentives. Highlighting the environmental and economical aims of the new tax credits, Frieden explained that the Luxembourg ...

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£35M from UK Government for Energy Efficiency
£35M from UK Government for Energy Efficiency

Thursday 22nd September 2011

THE UK Energy Secretary, Chris Huhne announced this week that £35 million has been earmarked to help with the development and deployment of innovative energy saving and energy efficiency technologies for buildings. The Spending Review of November 2010 announced funding of over £200 million for low carbon technologies. A further allocation ...

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Energy Efficiency Funding Provides Huge Potential
Energy Efficiency Funding Provides Huge Potential

Tuesday 20th September 2011

U.S. ENERGY efficiency loan financing is proving to be a stable, low risk investment with low default rates and large-scale potential. This is the conclusion of the study What Have We Learned from Energy Efficiency Financing Programmes? which was released today by the American Council for an Energy-Efficient Economy (ACEEE), it ...

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South Africa Consider Tax Allowances for Energy Efficiency
South Africa Consider Tax Allowances for Energy Efficiency

Tuesday 20th September 2011

ON Friday, South Africa’s Department of Energy (DOE) released proposed regulations which would provide a tax allowance for energy efficiency savings. The regulations stipulate that any company or business holding an energy saving certificate will be able to submit this certification to the South African Revenue Service and claim the tax ...

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USDA Announce Funding for Energy Efficiency and Renewable Projects
USDA Announce Funding for Energy Efficiency and Renewable Projects

Monday 19th September 2011

U.S. Agriculture Secretary, Tom Vilsack, has announced loans and grants for over 500 agricultural producers and rural small businesses to implement energy efficiency measures and renewable energy. "This funding is an important part of the Obama Administration's plan to help the nation's farmers, agricultural producers and rural small businesses conserve natural ...

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New Building Energy Efficiency Finance Scheme for Singapore
New Building Energy Efficiency Finance Scheme for Singapore

Thursday 15th September 2011

A PILOT financing scheme has been launched by Singapore’s building authority enabling building owners to get loans of up to S$5 million ($4.3 million) to improve energy efficiency in existing buildings. Minister of State for National Development,Brigadier-General, Tan Chuan Jin, announced the scheme today at the opening of the International Green ...

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A Third of U.S. Stimulus Funds for Energy Efficiency Unspent
A Third of U.S. Stimulus Funds for Energy Efficiency Unspent

Tuesday 13th September 2011

ALMOST one-third of stimulus money to be used for energy efficiency programmes has not been spent, according to a report from the U.S. Energy Department’s Inspector General. Under the American Recovery and Reinvestment Act, the U.S. Department of Energy (DOE) Energy Efficiency and Conservation Block Grant (EECBG) Programme, received $3.2 billion ...

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Canada Invest $78 Million to Improve Energy Efficiency
Canada Invest $78 Million to Improve Energy Efficiency

Thursday 8th September 2011

MINISTER of Natural Resources, Joe Oliver, announced yesterday that the Government of Canada is investing $78 million over the next two years to improve energy efficiency. The programme is intended to create jobs in the energy sector while saving Canada money, by improving energy efficiency in buildings, industries, vehicles and consumer ...

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