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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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Energy Efficency Slows Fuel Use Rise
Energy Efficency Slows Fuel Use Rise

Thursday 17th January 2013

DUE to energy efficiency rapidly improving worldwide, the rise in fuel use will be slower than prosperity, primarily due to improved energy efficiency in industrial developments in China. This is the conclusion from BP Plc’s latest Energy Outlook 2030, released yesterday. It reveals that strong growth in production from unconventional sources of ...

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4000 Jobs and Millions Saved in State Energy Efficiency Program
4000 Jobs and Millions Saved in State Energy Efficiency Program

Wednesday 16th January 2013

MASSACHUSETTS State government officials announced yesterday an Accelerated Energy Program that will make energy efficiency upgrades across 700 state facilities. These facilities consist of 4,000 individual buildings all being subject to energy efficiency improvements, making it a huge task but with huge rewards for the state. The program estimates savings of ...

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Call for Greater Investment in Clean Energy
Call for Greater Investment in Clean Energy

Tuesday 15th January 2013

Yesterday, during the Abu Dhabi Sustainability Week (ADSW), energy and finance leaders met to discuss ways to encourage greater private sector investment in clean energy projects. The discussion included renewable energy and low-carbon, climate friendly projects and how they can be a tactic to mitigate climate change and diversify the global ...

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Bhopal's Old Government Buildings may Turn Green
Bhopal's Old Government Buildings may Turn Green

Monday 14th January 2013

THE Indian City of Bhopal's old governmental buildings maybe about to be revitalized along with upgrades to make them energy efficient. The UK's Department for International Development (DFID) has offered funding for the program, which the Madhya Pradesh Department of Urban Administration has accepted in principle, it just needs the State ...

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Poland Gets more EIB Sustainability Financing
Poland Gets more EIB Sustainability Financing

Friday 11th January 2013

THE European Investment Bank (EIB) is supplying €150 million ($197.5 million) to fund sustainable projects in Poland. The funds will be piped through Polish Bank PKO BP and will include financing for energy saving projects. The support from EIB will enable PKO BP to provide longer term financing, which is not always ...

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UK's Energy Efficiency Sector Scrutinized
UK's Energy Efficiency Sector Scrutinized

Thursday 10th January 2013

THE UK’s consumer and competition authority, the Office of Fair Trading (OFT), wants to raise compliance standards across the energy efficiency industry. An OFT review of the energy efficiency sector, discovered instances of poor practice and has written to 50 businesses in the industry telling them to ensure they treat ...

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Large Energy Efficiency Loan Looms for Czech Republic
Large Energy Efficiency Loan Looms for Czech Republic

Wednesday 9th January 2013

ACCORDING to the European Investment Bank’s (EIB) website they are looking at providing an energy efficiency loan facility of €100 million ($131 million) for the Czech Republic. The loan will be to finance energy efficiency projects carried out by SMEs and mid-sized corporations, as well as projects of limited size undertaken ...

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Targeted Energy Efficiency Tax Incentives Work
Targeted Energy Efficiency Tax Incentives Work

Tuesday 8th January 2013

LAST month the American Council for an Energy Efficient Economy (ACEEE) highlighted to a U.S. Senate Finance Committee the importance of well targeted energy efficiency incentives. The hearing was analyzing the appropriate uses of federal tax code in promoting investments in energy efficiency. Steven Nadel, executive director of the ACEEE testified ...

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Alaskan Study Highlights Potential Energy Savings
Alaskan Study Highlights Potential Energy Savings

Monday 7th January 2013

ALASKA has discovered hard facts about the energy efficiency, or not, of public buildings across the state following an energy audit according to Alaska Journal of Commerce. The Journal reports 327 audits performed on public facilities by state organization Alaska Housing Finance Corp. (AHFC). The study concluded that there are 5,000 ...

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Fixed Energy Saving Targets for State Government
Fixed Energy Saving Targets for State Government

Thursday 3rd January 2013

THE Southern Indian State of Andhra Pradesh is considering fixing energy saving targets for a range of departments including energy, administration, industries and agriculture. The Andhra Pradesh Government constituted a State Energy Conservation Mission in September last year to monitor energy efficiency actions, and through this mechanism they now look set ...

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Hong Kong More Energy Saving Action Needed
Hong Kong More Energy Saving Action Needed

Wednesday 2nd January 2013

HONGKONG Electric, has fallen well short of its agreed energy saving target agreed with the government four years ago. The utility, which supplies Hong Kong and Lamma islands, did achieve energy savings of 1.7 million kilowatt-hours (kWh) between 2009 and 2011, but their set target was 3 million kWh annually. Meanwhile China ...

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New York State Energy Efficiency Program Launched
New York State Energy Efficiency Program Launched

Monday 31st December 2012

NEW York State Governor Andrew Cuomo has set a target to improve energy efficiency across state buildings by 20 percent by 2020 by launching the Build Smart NY state program. The initiative looks to reach its goal through strategic, coordinated, cost-effective, and data-driven measures. Over the next seven years, Build Smart ...

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Older Buildings can be More Energy Efficient than New
Older Buildings can be More Energy Efficient than New

Friday 28th December 2012

DECEMBER’S issue of The Green Economy themed ‘Cities and Buildings’ studies how retrofits, and certifications impact buildings’ energy efficiency and can transform the cities where they are based. Maryruth Priebe, Senior Editor for the magazine said, “New, certified green buildings may offer sex appeal and flashy style, but older buildings offer ...

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Kentucky get Energy Efficiency Funding from Settlement
Kentucky get Energy Efficiency Funding from Settlement

Thursday 27th December 2012

THE Governor of the U.S. State of Kentucky announced yesterday that 13 organizations will receive energy efficiency project funding, including educations and agricultural projects amongst others. The grant funding is available under the 2011 settlement agreement between the U.S. Environmental Protection Agency (EPA) and the Tennessee Valley Authority (TVA), after findings ...

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EBRD Energy Efficiency Funding Boost for Turkey's Businesses
EBRD Energy Efficiency Funding Boost for Turkey's Businesses

Monday 24th December 2012

THE European Bank for Reconstruction and Development (EBRD) is further aiding Turkey to improve its energy efficiency and create a low carbon economy through a finance package worth €50 million. The EBRD is providing the funding through the Finansbank for on-lending to private companies investing in industrial energy efficiency, renewable energy, ...

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Craft Brewery Benefits from Energy Efficiency Upgrades
Craft Brewery Benefits from Energy Efficiency Upgrades

Friday 21st December 2012

THE Two Roads Brewing Company in Stratford, U.S.have received the Connecticut Energy Efficiency Fund’s Energy Efficiency Leadership Award for their efforts in improving energy efficiency and environmental awareness. Two Roads, a craft brewery, benefited from the Energy Efficiency Fund’s program, Energy Conscious Blueprint. Via this program Two Roads upgraded their energy ...

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New U.S. Act to Push Energy Efficiency in Federal Facilities
New U.S. Act to Push Energy Efficiency in Federal Facilities

Thursday 20th December 2012

U.S. President Barack Obama this week signed a handful of energy efficiency provisions into law. The American Energy Manufacturing Technical Corrections Act is the legislative mechanism to drive energy efficiency actions within governmental agencies. The Act will promote energy efficiency across federal facilities, including installing advanced energy monitoring. The act will also ...

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Indian Government's Most Energy Efficient Building
Indian Government's Most Energy Efficient Building

Wednesday 19th December 2012

THE Government of India’s most energy efficient building for 2012 is the Ambala divisional railway building in the northern state of Haryana. The Indian Union Ministry of Power honored the Senior Electrical Engineer R K Gupta for his efforts and success in greatly improving the energy efficiency in the building.

The energy ...

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Energy Efficiency Funding for New Mexico
Energy Efficiency Funding for New Mexico

Tuesday 18th December 2012

THE New Mexico Bank & Trust and the BluePath Finance LLC have teamed up offering finance for energy efficiency technology upgrades for businesses, non-profits and the public sector. BluePath specialize in providing funding for the installation of energy efficiency technology, with a lot of the saving made through the technology covering ...

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London's Buildings Continue Energy Efficiency Upgrade
London's Buildings Continue Energy Efficiency Upgrade

Monday 17th December 2012

THE Mayor of London’s RE:FIT program is set to enter its second phase - with millions of pounds due to be spent upgrading around 400 public buildings in the UK’s capital. Law courts, libraries and schools will be amongst the facilities that will be retrofitted with energy efficiency technology, saving costs ...

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Businesses 'Sleep' While Resources Dwindle
Businesses 'Sleep' While Resources Dwindle

Friday 14th December 2012

MANY Companies remain unprepared for the effects of dwindling natural resources, according to new research from the Carbon Trust.  The study, amongst 475 senior executives in Brazil, China, Korea, UK and USA, shows that many are not prepared to look at the issue of resource shortages now and believe they will ...

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Guam's Red Cross Office Saves Through Energy Efficiency
Guam's Red Cross Office Saves Through Energy Efficiency

Thursday 13th December 2012

THE Pacific Island of Guam’s Energy Office yesterday inspected the energy efficiency measures taken by the American Red Cross in their offices in the island capital Haganta. The walk-through looked at the installed energy efficiency technologies, which have already seen the building enjoying energy and the resultant cost savings over the ...

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Big Business Set the Lead in Clean Energy
Big Business Set the Lead in Clean Energy

Wednesday 12th December 2012

CLIMATE change and energy efficiency maybe on the minds of world leaders at COP18 and in national parliaments but a new report shows it is business that is taking action. The new report from Calvert Investments, Ceres and the World Wildlife Fund (WWF) titled: “Power Forward: Why the World’s Largest Companies ...

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RBS Set Up £200M Energy Efficiency Fund
RBS Set Up £200M Energy Efficiency Fund

Tuesday 11th December 2012

THE UK’s Royal Bank of Scotland (RBS) has launched a Carbon Reduction Fund so businesses can access low cost loans to improve energy efficiency. The £200 million ( $320 million) fund can offer lower cost finance as it is backed by the UK government’s Funding and Lending scheme’s low lending rates. ...

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Andhra Pradesh to Set Mandatory Energy Efficiency Code
Andhra Pradesh to Set Mandatory Energy Efficiency Code

Monday 10th December 2012

TO produce substantial energy savings India’s Andhra Pradesh state government’s Energy Conservation Building Code (ECBC) for commercial buildings will become mandatory after January 2013. The code means that if a planned commercial building has a capacity of 100 kilowatts, energy saving strategies, measures and technology needs to be implemented, along ...

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