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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

EU invest 10 Million Euros in Chinese Energy Efficiency Fund
EU invest 10 Million Euros in Chinese Energy Efficiency Fund

Monday 5th July 2010

THE European Commission (EC) announced today that it is going to invest €10 million into the Greenstar Energy Conservation and Emission Reduction Private Equity Fund, making it China’s first energy efficiency focused private equity fund. The investment and further energy efficiency activity is much needed, as China’s great efforts towards reducing ...

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Cuyahoga County Three Year Retrofit Pay Back
Cuyahoga County Three Year Retrofit Pay Back

Tuesday 29th June 2010

CUYAHOGA County in Ohio State, U.S., is taking advantage of Federal stimulus funding and local taxes to cut the amount of energy used in 15 of the County’s own buildings. The U.S. Department of Energy is submitting a grant of $1.9 million, covering 40 percent of the project, with the rest, ...

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EU Subsidy for Lebanese SME Investment in Energy Efficiency
EU Subsidy for Lebanese SME Investment in Energy Efficiency

Tuesday 15th June 2010

The European Union (EU) is providing a €15 million facility that will help investments in energy efficiency for small to medium sized enterprises (SMEs) in Lebanon. An EU Delegation visited the middle eastern country at the end of last week and announced that the subsidy will reduce the exposure of Lebanese ...

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China to Fund Energy Management
China to Fund Energy Management

Wednesday 9th June 2010

THE central Chinese government is to allocate around $300 million this year towards energy conservation reconstruction through energy management in the fields of industry, construction and transportation, and for public institutions, so reported the Ministry of Finance. Businesses and organisations will be able to apply for government subsidies if the energy ...

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Chinese Banks to Curb Lending to High Energy Consuming Sectors
Chinese Banks to Curb Lending to High Energy Consuming Sectors

Wednesday 2nd June 2010

The central bank in China has asked Chinese banks to rein in lending to high energy consuming industries, a move which echoes the government's energy-saving measures. According to a circular issued today, by the People's Bank of China, banks must now strictly review loan applications from companies in heavy energy-consuming ...

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British Colombia Introduce Program for Energy Efficiency
British Colombia Introduce Program for Energy Efficiency

Tuesday 1st June 2010

The utility company BC Hydro, Canada will introduce a new program to help the British Colombia (B.C.) industrial sector save electricity over the next four years – enough to meet the annual power needs of close to 20,000 homes. The Power Smart Partners Transmission program will offer incentives and rebates for ...

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IFC to Fund Energy Efficiency Loans for Vietnamese SMEs
IFC to Fund Energy Efficiency Loans for Vietnamese SMEs

Wednesday 26th May 2010

THE International Financial Corporation (IFC), a member of the World Bank Group, and Techcombank set up a $50 million energy efficiency fund yesterday to provide loans to Viet Nam SMEs (small to medium enterprises). The IFC will provide $24 million, plus an additional $1 million from their Earth Fund, while the ...

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Billions of U.S. Energy Efficiency Funding Untouched
Billions of U.S. Energy Efficiency Funding Untouched

Friday 21st May 2010

THE U.S, forged ahead under Barack Obama’s administration in providing billions, even hundreds of billions, of dollars with the intention of stimulating energy efficiency and renewable energy generation plus providing millions of green-collar jobs. A great initiative and good news to all in the energy saving business - but the money, ...

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Dominican Republic gets $20m Finance Programme
Dominican Republic gets $20m Finance Programme

Thursday 20th May 2010

THE New Statesman reports that the International Finance Corporation (IFC), part of the World Bank Group, has signed a $20m financing arrangement to launch Banco BHD's new energy efficiency finance program designed to help firms in the Dominican republic to reduce the cost and consumption of energy and reduce harmful ...

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IPEEC Aim for Global Energy Saving Policies
IPEEC Aim for Global Energy Saving Policies

Friday 14th May 2010

THIS week saw the first Policy Committee meeting of the International Partnership for Energy Efficiency Cooperation (IPEEC) to promote global collaboration on energy-saving programs and policies. The meeting involved leaders from 15 countries and the European Commission U.S, Assistant Secretary of the Department of Energy’s Office of Energy Efficiency and Renewable ...

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Rural Development Loan & Grant Boost for Energy Efficiency
Rural Development Loan & Grant Boost for Energy Efficiency

Monday 10th May 2010

A loan and grant program geared to help rural small businesses and agriculture install energy efficient improvements is now open for applications. The U.S. Department of Agriculture Rural Development has begun accepting applications for the Rural Energy for America Program (REAP). Applications are being accepted until 30th June 2010. The program is ...

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China set to use Iron Hand to Force Energy Efficiency
China set to use Iron Hand to Force Energy Efficiency

Friday 7th May 2010

CHINA is set to use an “iron hand”, in a silk glove of an extra $12 billion, to their achieve energy efficiency targets. The hard line is being taken after it was revealed that energy use rose 3.2% in the first quarter compared to last year, reversing the decline in the ...

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Farms to Benefit from new Initiative
Farms to Benefit from new Initiative

Thursday 29th April 2010

US Agriculture Secretary Tom Vilsack announced an inniative to help US farmers become more energy efficient, with funding becoming available for energy audits to help save energy and money through efficiencies. Vilsack admitted: "Reducing energy use on America's farms and ranches will not only help our agricultural producers become more profitable, ...

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Energy Efficiency Could Offset Virginia's Increasing Energy Costs
Energy Efficiency Could Offset Virginia's Increasing Energy Costs

Tuesday 27th April 2010

AN expected increase in demand for energy in the US state of Virginia during the next two decades could nearly be offset by energy efficiency technologies and practices, a new report claims. Released by Duke University and Georgia Tech, the report examines the energy usage of 16 Southern states, focusing on ...

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Plenty of Benefits from Federal Building Energy Efficiency Investment
Plenty of Benefits from Federal Building Energy Efficiency Investment

Tuesday 27th April 2010

FEDERAL buildings across the United States are benefiting from retrofitting of energy efficiency technologies and products since last year. The US General Services Administration (GSA) has so far invested $4 billion on improving the energy efficiency of federal buildings. Under the American Recovery and Reinvestment Act (ARRA), GSA was awarded $5.5 billion ...

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Global and National Energy Efficiency Funding Boost for ESCOs
Global and National Energy Efficiency Funding Boost for ESCOs

Friday 9th April 2010

INITIATIVES for energy efficiency from governments and even global bodies are funding many opportunities for enterprises in the energy saving industry. The industrial countries often provide energy efficiency funding at regional and state level – generally supplemented and added to by national grants and initiatives. For the second and third world, the ...

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European Call for Energy Efficiency Aid for SMEs
European Call for Energy Efficiency Aid for SMEs

Thursday 25th March 2010

Small and medium-sized firms need financial help to recruit experts to apply for loans for energy efficiency projects, industry representatives said at a workshop in Brussels on Wednesday. SMEs do not have sufficient resources to do so at the moment, they said. Guido Lena of small business association Ueapme told delegates ...

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$3 Trillion Investment Needed for Eastern Europe & Central Asia
$3 Trillion Investment Needed for Eastern Europe & Central Asia

Tuesday 23rd March 2010

According to a report from the World Bank entitled: Lights Out? The Energy Outlook in Eastern Europe and the Central Asia, the region as a whole will face an energy crunch unless investments of more than $3 trillion are made over the next 20 years. “The demand for primary energy in ...

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IFC & Philippine Bank Combine to Expand Energy Efficiency
IFC & Philippine Bank Combine to Expand Energy Efficiency

Tuesday 16th March 2010

The International Finance Corp. (IFC), the private-sector arm of the World Bank, has partnered with Philippine bank Banco de Oro (BDO) in expanding into energy efficiency. In a statement, IFC said the partnership with BDO allows them to encourage more investments into energy efficiency that will also help the Philippines manage ...

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Energy Efficiency Favoured for Funding
Energy Efficiency Favoured for Funding

Tuesday 9th March 2010

Commercial money is tight, but not quite as tight when projects involve increasing energy efficiency. Some innovative financing techniques are emerging to allow customers to make improvements without incurring initial out-of-pocket costs. Energy efficiency has emerged as the most palpable and least controversial way to make environmental changes, although the ...

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$40 Million Energy Efficiency Boost for New York's Education, Health & NPOs
$40 Million Energy Efficiency Boost for New York's Education, Health & NPOs

Tuesday 9th March 2010

New York Governor David A. Paterson unveiled an investment of $40 million to tackle energy efficiency in the Empire State’s schools, universities, colleges, hospitals and not-for-profit agencies. The 118 projects lined up are expected to see a $13.5 million annual reduction in energy and operating costs, which will provide a full ...

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$3 Million Boost for San Francisco Energy Efficiency
$3 Million Boost for San Francisco Energy Efficiency

Thursday 4th March 2010

Mayor Newsom has announced that San Francisco has secured $2.9 million in federal funds to compensate the cost of commercial energy efficiency programs. New funding will add incentives already offered with the GreenFinanceSF program. The program will be launching in early April, once the grant is in place, then applicants ...

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Billions Available For Energy Saving From U.S. Stimulus Fund
Billions Available For Energy Saving From U.S. Stimulus Fund

Monday 1st March 2010

Knoxville in the U.S has recently conducted an extensive energy audit and they are about to find out which of 99 city buildings are wasting the most energy. Their timing couldn't have been better with a flood of U.S. federal government stimulus money earmarked for energy efficient measures will be available ...

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US Stimulus Fund - Billions Available For Energy Efficiency
US Stimulus Fund - Billions Available For Energy Efficiency

Monday 1st March 2010

Knoxville in the U.S has recently conducted an extensive energy audit and they are about to find out which of 99 city buildings are wasting the most energy. Their timing couldn't have been better with a flood of U.S. federal government stimulus money earmarked for energy efficient measures will be available ...

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Government Funding To Save Hospital 36% Of Energy
Government Funding To Save Hospital 36% Of Energy

Thursday 25th February 2010

It is a year since President Obama's Recovery Act and the US health secretary, Kathleen Sebelius, has highlighted a federal project to increase energy efficiency at a Shriners Hospital that will eventually save more than $60,000 per year. The Erie Shriners Hospital, Erie, Pennsylvania, received funding under American Recovery and ...

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