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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

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Finance for UK Hospitals for Energy Efficiency
Finance for UK Hospitals for Energy Efficiency

Friday 4th April 2014

THE UK Green Investment Bank (GIB) announced yesterday a £1.1m to finance the £3.1m energy efficiency project with Cheltenham General Hospital, managed by Gloucestershire Hospitals NHS Foundation Trust. This has mobilised an additional £1.1m of private sector investment, from the Aviva Investors REaLM Infrastructure Fund. The project will also receive a ...

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Guyana Sets Energy Efficiency Lead
Guyana Sets Energy Efficiency Lead

Thursday 3rd April 2014

GUYANA is shaping up to set a gold standard for the Caribbean in implementing a national energy efficiency strategy to curb greenhouse gas emissions from fossil fuels. "Energy efficiency is the main method of fighting climate change and its impact is global since unclean energy is the main contributor," the associate ...

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College to Enjoy Major Savings from Energy Efficiency Work
College to Enjoy Major Savings from Energy Efficiency Work

Wednesday 2nd April 2014

A $5 million energy efficiency programme by New York Power Authority (NYPA) at the College at Brockport has been completed this week, which aims to save $300,000 in energy saving annually. The work has been carried out as part of New York Governor Andrew Cuomo's Build Smart NY initiative which aims ...

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New EU Energy Efficiency Costs and Savings Potential
New EU Energy Efficiency Costs and Savings Potential

Tuesday 1st April 2014

EUROPEAN Union (EU) proposals requiring large companies to undertake mandatory energy efficiency assessments will end up as a major cost burden for business unless lessons are learned from the CRC scheme. That’s the warning from Ricardo-AEA knowledge leader Christine St John Cox, who points out that although the proposed Energy Savings ...

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Europe Support Kenya's Wind Power
Europe Support Kenya's Wind Power

Monday 31st March 2014

EUROPE’S long-term lending institution, the European Investment Bank (EIB) has agreed to provide €200m to support the Lake Turkana Wind Power project, sub-Saharan Africa’s largest wind power project. The €620 million (Ksh70 billion) scheme will transform supply of renewable energy in East Africa and benefit from additional financial support from ...

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Funds for Kyrgyz Small Businesses Energy Efficiency Improvements
Funds for Kyrgyz Small Businesses Energy Efficiency Improvements

Friday 28th March 2014

THE European Bank for Reconstruction and Development (EBRD) is channeling $5 million to support the expansion of lending programmes through micro-finance institutions in the Kyrgyz Republic. The credit line to the microfinance organisation FINCA, will consist of two parts. $2 million will be allocated under the Kyrgyz Sustainable Energy Financing Facility ...

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Euro 400 Million for Croatian Energy Efficiency Projects
Euro 400 Million for Croatian Energy Efficiency Projects

Thursday 27th March 2014

THE European Investment Bank (EIB) has provided two loans to the Croatian Bank for Reconstruction and Development (HBOR) for energy efficiency projects. One loan is for €250 million to co-finance projects for small and medium-sized companies (SMEs) and a €150 million facility to support investments in the MidCap companies in order to ...

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Municipalities Receive Grants for Energy-Saving Projects
Municipalities Receive Grants for Energy-Saving Projects

Wednesday 26th March 2014

23 Connecticut municipalities have been recognized during a ceremony at the State Capitol for their participation in the statewide Clean Energy Communities program. The program is past of the Energize Connecticut initiative that incentivizes cities and towns to support energy efficiency and renewable energy.   Municipal leaders from the communities were joined by ...

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Call for Improved Energy Efficiency and Renewables in Bulgaria
Call for Improved Energy Efficiency and Renewables in Bulgaria

Tuesday 25th March 2014

BULGARIAN Member of the European Parliament and chairperson of the National Movement for Stability and Progress Antoniya Parvanova, declared: “Bulgaria should think about energy efficiency,” and changes in renewable policies. FOCUS News Agency reported her words from the "Development of a Competitive Energy Market in the Context of the Green Economy" ...

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Energy Saving Urged by China's Premier
Energy Saving Urged by China's Premier

Monday 24th March 2014

CHINESE Premier Li Keqiang has called for more effort to save energy along with emission reduction, according to official statements released yesterday as reported by xinhuanet.com. Li revealed that environmental work will be on going and coordinated with the nation’s economic expansion, with the targeted reduction in production capacity providing huge ...

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Energy Efficiency Dents Electricity Use Growth
Energy Efficiency Dents Electricity Use Growth

Friday 21st March 2014

ELECTRICITY consumption growth in the U.S. has been slowing for a long while due to many reasons - recession, weather change and the take up of energy efficiency measures. This is according to a new study from the American Council for an Energy-Efficient Economy (ACEEE). Despite the slowed growth they report ...

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NZ Hospital to Save Through Energy Saving Lighting
NZ Hospital to Save Through Energy Saving Lighting

Thursday 20th March 2014

NEW Zealand's Palmerston North Hospital, on the North Island, is looking to upgrade its lights with more modern, efficient, energy-saving lights producing substantial reductions in energy demand, emissions and utility bills. The first phase, costing $692,000, will involve the replacement of three types of ageing light fittings in the Emergency Department, ...

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Azerbaijan Approve Building Energy Efficiency Rules
Azerbaijan Approve Building Energy Efficiency Rules

Tuesday 18th March 2014

AZERBAIJAN’S Government has approved ‘Rules’ regarding the energy efficiency for construction projects and other energy saving measures to reduce the countries CO2 emissions and boost their economy. The ‘Rules’ cover cultural buildings, historical monuments, residential buildings up to 3 storeys and constructions that do not require a building permit. The Rules ...

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Indian Companies to Become More Sustainable
Indian Companies to Become More Sustainable

Monday 17th March 2014

THE Hindustan Times (HT) reports many Indian businesses will follow the sustainable example set by large businesses in reaching a national target of 25% reduction in carbon intensity by 2020. A batch of companies became part of the 2009 India Greenhouse Gas Progam, including Godrej & Boyce, whose chairman Jamshyd N ...

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Vital for Azerbaijan to Invest in Energy Efficiency
Vital for Azerbaijan to Invest in Energy Efficiency

Friday 14th March 2014

TREND report Vice-President of Schneider Electric Central Asia Mehmet, Ali Keciciler, underlined the importance of energy efficiency projects in Azerbaijan in his speech at the Azerbaijan Investment Summit in Baku. Keciciler recognized the importance of Azerbaijan's economic growth, but this puts pressure on the existing energy, water, transport and telecom infrastructure. ...

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LED Lighting to save $283,000 Yearly in Lincoln Tunnel
LED Lighting to save $283,000 Yearly in Lincoln Tunnel

Thursday 13th March 2014

THE Port Authority of New York and New Jersey, U.S., announced yesterday the installation of 2,300 energy efficient, LED lights in the Lincoln Tunnel, which will save $283,000 annually. “Replacing our bridge and tunnel lighting systems with new LED lights makes business sense and benefits the environment by reducing our energy ...

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Romania Get Energy Efficiency Funding Boost
Romania Get Energy Efficiency Funding Boost

Tuesday 11th March 2014

ROMANIA Insider report that Norway, Iceland and Liechtenstein will donate €8 million to Romania to finance energy efficiency programs aiming to reduce greenhouse gases. A statement from Romania’s Ministry of Economy revealed: “The donor states, Norway, Iceland, Liechtenstein, concluded with Romania the Memorandum of Understanding which designates the Ministry of Economy ...

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Room to Improve LA Buildings Energy Efficiency
Room to Improve LA Buildings Energy Efficiency

Tuesday 11th March 2014

A RECENT symposium at the UCLA Institute of the Environment and Sustainability and the Ziman Center for Real Estate addressed the critical issue of increasing the energy efficiency of buildings. The UCLA Green Building Symposium - Building Better Places discussed how vital it is for more buildings to increase the use ...

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Rolling Blackouts Across South Africa
Rolling Blackouts Across South Africa

Monday 10th March 2014

ESKOM, South Africa’s national utility company, called a stage three power emergency last Thursday leading to rolling blackouts to stabilize and reduce demand as the grid comes under strain. Eskom stated that: ”The power system is very tight. This risk has increased significantly due to the heavy rains over the last few ...

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Funds to Help Romania's Transition to Green Economy
Funds to Help Romania's Transition to Green Economy

Friday 7th March 2014

THE European Bank for Reconstruction and Development (EBRD) is helping Romania’s transition to a low-carbon economy through further development of renewable energy resources. EBRD will provide a loan of €49 million towards the construction, commissioning and operation of the 108 MW Crucea North Wind Farm in the Black Sea region of ...

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Energy Efficiency Progress for New York State Buildings
Energy Efficiency Progress for New York State Buildings

Thursday 6th March 2014

THE New York Power Authority (NYPA) revealed that during the first year of the BuildSmart NY Initiative the energy performance of state government buildings improved by nearly 5%. The initiative, which is being administered by NYPA, is intended to reduce energy consumption at state facilities by 20% by 2020. The BuildSmart NY ...

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$1M Invested in Energy Efficiency Generated $3.87M
$1M Invested in Energy Efficiency Generated $3.87M

Wednesday 5th March 2014

AN independent analysis has been released showing the economic performance of 16 US cities under the Southeast Energy Efficiency Alliance (SEEA). The report, entitled 'The Economic Impact of Energy Efficiency Investments in the Southeast' from the US Department of Energy (DOE) funded energy efficiency retrofit consortium released the details from ...

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South Africa Needs Energy Efficient Businesses
South Africa Needs Energy Efficient Businesses

Tuesday 4th March 2014

THE rising cost of electricity in South Africa and the increased demand on the power grid are encouraging the country’s large commercial businesses to implement energy-efficient initiatives and technologies. Companies are becoming more aware that reducing energy usage will lower operating expenditure, improve profit margins, and enhance their brand image ...

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Stimulus Money Improves Cities Energy Efficiency
Stimulus Money Improves Cities Energy Efficiency

Monday 3rd March 2014

UNITED State’s Mayors released results of a survey showing city successes in using Energy Efficiency and Conservation Block Grant (EECBG) program funding under the American Recovery and Reinvestment Act (ARRA). Gresham, Oregon, Mayor Shane Bemis, Bridgeport, Connecticut, Mayor Bill Finch and Carmel, Indiana, Mayor Jim Brainard presented the survey findings during ...

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Investment in Slovenia's Energy Efficiency Sector
Investment in Slovenia's Energy Efficiency Sector

Friday 28th February 2014

THE EBRD Board of Directors has adopted a new strategy for Slovenia which sets out the Bank’s priorities in the country for the next four years, including improving energy efficiency. Slovenia’s Government is committed to a continuation of key reforms outlined in the National Reform Programme. The EBRD (European Bank of ...

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