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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

Spain Aims for €600 Million Sustainability Fund
Spain Aims for €600 Million Sustainability Fund

Tuesday 5th July 2011

SPAIN has launched a fund with the ultimate target of €600 million to fund energy efficiency and renewable energy projects. The European Investment Bank (EIB) and the Spanish Energy Saving and Diversification Institute (IDAE) have concluded an agreement which sees the two bodies launch a JESSICA (Joint European Support for Sustainable ...

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UK MPs want to Stand up to World Bank over Fossil Fuel Subsidies
UK MPs want to Stand up to World Bank over Fossil Fuel Subsidies

Wednesday 29th June 2011

UK funding for World Bank aid programmes should be withheld if the Bank does not stop financing new unabated coal-fired power stations in developing countries, British MPs warn. The call came in a report published on today, with the Chair of the UK’s Environmental Audit Committee, Joan Walley MP, stating: "The ...

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India to Provide Funds for Energy Efficiency Industry
India to Provide Funds for Energy Efficiency Industry

Tuesday 28th June 2011

THE Indian Government is to provide incentives to the emerging energy efficiency industry through the National Mission for Enhanced Energy Efficiency (NMEEE).   Two funds are being set up, the Partial Risk Guarantee Fund and the Venture Capital Fund, to provide financial incentives to drive forward the energy efficiency industry.   Ajay Mathur, ...

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Montenegro gets new Funding for
Montenegro gets new Funding for "Energy Efficiency in Public Buildings."

Tuesday 28th June 2011

BALKAN State Montenegro has new funding of €12.5 million from this autumn for the countries “Energy Efficiency in Public Buildings” programme. Dr Milorad Katnić, Montenegro's Minister of Finance, met with Dr. Tina Babo, Regional Director of the KfW Bank in Southeast Europe to discuss the new funding, its future support for ...

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Energy Efficiency Funding Bonus for Wellington Businesses
Energy Efficiency Funding Bonus for Wellington Businesses

Monday 27th June 2011

COMPANIES in Wellington, New Zealand are being offered an added bonus of up to NZ$1,000 to improve energy use, under a partnership between Government and Wellington City Council announced today. Last month the New Zealand Government launched its Energising Business programme to help Kiwi businesses cut energy costs. Under the scheme, ...

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China Release Energy Efficiency Reward Funds
China Release Energy Efficiency Reward Funds

Friday 24th June 2011

CHINA has been setting impressive energy efficiency targets in the face of a rocketing economy and progress, and has now offered further funds for energy efficiency rewards to industry. The Chinese Ministry of Finance said today that the Government will continue to allocate funds for rewards to enterprises who upgrade their ...

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Finance Incentives Key to Building Energy Efficiency
Finance Incentives Key to Building Energy Efficiency

Monday 20th June 2011

Availability of financing and incentives are among the key elements to driving increased energy efficiency in buildings, according to leaders who attended the North America Energy Efficiency Forum. The forum, co-sponsored by Johnson Controls and the U.S. Energy Association, examined how advanced efficiency technologies, energy policies and consumer education can ...

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Insurance Giant's Investment Arm Targets Energy Efficiency Growth
Insurance Giant's Investment Arm Targets Energy Efficiency Growth

Monday 13th June 2011

LEGAL & General Investments announces the launch of the Global Environmental Enterprises Fund, a passively managed fund aimed at profiting from the evolution to a lower carbon economy. Legal & General Investments has partnered with Osmosis Investment Management on this fund. Osmosis is an independent specialist investment firm with a deep ...

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Pakistan Promotes SME Energy Efficiency
Pakistan Promotes SME Energy Efficiency

Friday 10th June 2011

A MEMORANDUM of Understanding has been signed in Pakistan between SME Leasing and SME Business Support Fund, subsidiaries of the same bank, to encourage and promote energy efficiency. Both parties are working together to develop energy efficiency in small to medium enterprises (SMEs) in Pakistan through raising awareness and promote the ...

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Ukraine get $200 Million Energy Efficiency Boost
Ukraine get $200 Million Energy Efficiency Boost

Friday 10th June 2011

The State Export-Import Bank of Ukraine JSC has borrowed $200 million from the World Bank to improve energy efficiency across the country. Bloomberg report that World Bank Country Director for Ukraine, Belarus and Moldova, Martin Raiser, said in an e-mailed statement.: “To reduce Ukraine’s energy intensity by 50 percent by 2030, as ...

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India's SMEs to get Energy Efficiency Subsidy
India's SMEs to get Energy Efficiency Subsidy

Thursday 9th June 2011

THE Indian Micro, Small and Medium Enterprises Ministry (MSME) is soon to provide subsidies for businesses who make energy efficient improvements. Shyam Agarwal, Additional Secretary and Development Commissioner for MSME, said today that, "If by adoption of certain measures you can reduce your consumption of energy by 15 percent you get ...

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France Calls for Smart Grid Deveopment
France Calls for Smart Grid Deveopment

Tuesday 7th June 2011

THE French Government called yesterday for submissions for developing smart grid technology, to improve the allocation of power resources. €250 million ($364 million) of governmental funds have been set aside for smart grid systems. The French Government announced: "The power network must guarantee at all times the balance of supply and demand. ...

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Hong Kong Promotes Energy Efficiency
Hong Kong Promotes Energy Efficiency

Friday 3rd June 2011

Hong Kong’s Secretary for the Environment, Edward Yau, is looking to energy efficiency to reduce the energy demand and greenhouse gas emissions (GHG) across all districts. Yau revealed that almost 90 percent of Hong Kong’s electricity consumption is from buildings, contributing around 60 percent of the city’s GHG emissions. Yau said: ...

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€800 Million Energy Efficiency Fund Kick Starts
€800 Million Energy Efficiency Fund Kick Starts

Friday 27th May 2011

AN ENERGY Efficiency Fund that could total €800 million has been seeded by €205 million committed by the European Commission, European Investment Bank (EIB) and Deutsche Bank. The money is going into the European Energy Efficiency Fund which provides financing either directly, or through financial institutions to energy efficiency projects, plus ...

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Funds and Awards for Energy Efficiency in Singapore
Funds and Awards for Energy Efficiency in Singapore

Tuesday 24th May 2011

A NEW award for energy efficiency and extra funds were announced at the start of the first National Energy Efficiency Conference (NEEC) held in Singapore. Dr Vivian Balakrishnan, Minister for the Environment and Water Resources, announced that S$22.8 million (US$18.29 million) will be made available over the next two years via ...

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UN Energy Efficiency Initiative fro East Africa
UN Energy Efficiency Initiative fro East Africa

Monday 23rd May 2011

THE United Nations Human Settlements Programme (UN-HABITAT) and the United Nations Environment Programme (UNEP) have announced a joint project to promote energy efficiency in East African buildings. The programme was approved by the Global Environment Facility (GEF), providing $2,853,000 for energy efficiency projects. UN-HABITAT refer to figures showing that 40 percent ...

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Energy Efficiency Funding for Hungarian Municipalities
Energy Efficiency Funding for Hungarian Municipalities

Friday 20th May 2011

THE European Bank for Reconstruction and Development (EBRD) are providing funding to stimulate energy efficiency in Hungarian municipalities. EBRD in cooperation with Erste Bank of Hungary have set up an agreement on the loan programme, which will be backed by EU grant funding, and was signed by the two banks yesterday. Under ...

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Ukraine to get $200 Million for Energy Efficiency Projects
Ukraine to get $200 Million for Energy Efficiency Projects

Thursday 19th May 2011

THE World Bank’s Board of Directors today approved a $200 million loan for Ukraine to finance energy efficiency projects in industry, municipalities and municipally owned enterprises and energy service companies.   The "Project on Energy Efficiency in Ukraine" will contribute to helping the country achieve its ambitious targets to reduce energy intensity by ...

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Russia get IFC Financial Help to Improve Energy Efficiency
Russia get IFC Financial Help to Improve Energy Efficiency

Friday 13th May 2011

THE International Financial Corporation (IFC), a member of the World Bank Group, is teaming up with the Russian Energy Agency (REA) to aid to Russia improve its energy efficiency. The REA and IFC signed a memorandum of understanding yesterday with the aim to help Russian industry and housing to become energy ...

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Ireland add another €30m for Energy Efficiency
Ireland add another €30m for Energy Efficiency

Thursday 12th May 2011

IRELAND’S Minister for Energy, Pat Rabbitte, announced yesterday that an additional €30 million in funding is being made available for commercial and domestic energy efficiency programmes. Rabbitte also claimed this initiative will create new jobs and see energy bills fall significantly, along with the environmental benefits the move is also seen ...

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Australian Budget Casts Shadow on Solar
Australian Budget Casts Shadow on Solar

Wednesday 11th May 2011

IN TUESDAY night's Australian Federal Budget announcements, Australia's renewable energy sector took a battering, although further funds are released for energy efficiency programmes. The budget allocated A$13m (US$14.13 million) in extra funding to support energy-efficiency programmes, with more than A$20m (US$21.7 million) being provided to improve the reporting of greenhouse gas ...

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Kenyan Manufacturers Benefit from Energy Efficiency
Kenyan Manufacturers Benefit from Energy Efficiency

Monday 9th May 2011

MANUFACTURERS in Kenya are using energy-efficient technologies to save on production costs, increase the competitiveness of their products and hence protect their bottom line. An audit in 2010 by the Kenya Association of Manufacturers (KAM) Centre for Energy Efficiency Conservation revealed significant savings of Sh783 million ($9,282,421) on energy costs. The ...

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Maltese Tourism gets Energy Saving Loan Scheme
Maltese Tourism gets Energy Saving Loan Scheme

Friday 6th May 2011

TOURISM operators in the Mediterranean island of Malta can take advantage of a soft-loan scheme designed to help with investment in energy saving technology. The scheme launched by Tonio Fenech, Malta’s Finance, Economy and Investment Minister, and Mario de Marco, Tourism Parliamentary Secretary is open to all with a valid ...

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Energy Saving Boost for New Zealand SMEs
Energy Saving Boost for New Zealand SMEs

Wednesday 4th May 2011

THE New Zealand government is providing $1.46 million (US$1.16 million) to help smaller companies improve energy use and boost competitiveness with a new scheme launched today (May 4). Acting Minister of Energy and Resources, Hekia Parata, today launched Energising Business, a new programme run by the Energy Efficiency and Conservation Authority ...

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Bright Future for UK Cleantech Companies
Bright Future for UK Cleantech Companies

Tuesday 19th April 2011

THE UK’s cleantech companies are feeling optimistic about the future, according to research released today by the UK’s Carbon Trust with 77 percent planning to expand workforce in next year. Defying the wider economic uncertainty, the UK’s cleantech companies have become more confident about their prospects in the last year ...

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