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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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24 EU States Face Legal Proceedings Over Energy Saving Law
24 EU States Face Legal Proceedings Over Energy Saving Law

Thursday 14th August 2014

EUROPEAN UNION (EU) regulators have started legal proceedings against 24 of the blocs member states for failures in enforcing energy efficiency laws. The European Commission revealed the news yesterday, with energy efficiency taken on even more importance for the EU due to the conflict in Ukraine, as Russia are the EU’s ...

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$3M Energy Saving Initiative for Auckland Airport
$3M Energy Saving Initiative for Auckland Airport

Tuesday 12th August 2014

A NEW $3 million initiative will see Auckland Airport in New Zealand working in partnership with tenants to achieve ambitious energy-saving targets. Supported by the Energy Efficiency and Conservation Authority (EECA), the program is the first collaboration of its type between a large-scale commercial landlord and tenants. Auckland Airport is New ...

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Green Building Code for Phillipines
Green Building Code for Phillipines

Monday 11th August 2014

THE Philippine’s Department of Public Works and Highways (DPWH) has announced it is to craft a Green Building Code (GBC). DPWH Secretary Rogelio L. Singson said, “This is the Department’s response to the clamor for sustainable building regulations to reduce greenhouse emissions and introduce electricity and cost savings for new buildings ...

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New York Invests in Energy Efficiency
New York Invests in Energy Efficiency

Thursday 7th August 2014

THE U.S. State of New York is set to enjoy $20 million in energy savings from three newly completed energy efficiency projects over the next two decades. The New York State Office of General Services (OGS) and the New York Power Authority (NYPA) have partnered on the energy efficiency projects, which ...

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Europeans Focus on Energy Efficiency
Europeans Focus on Energy Efficiency

Wednesday 6th August 2014

A STUDY by Kingfisher plc, Europe’s biggest home improvement retail group, report that 65% of European householders fear rising energy bills as their main concern, with a growing number focusing on energy efficiency. The survey of 17,000 people in the United Kingdom, France, Germany, Ireland, Poland, Romania, Russia, Spain and Turkey ...

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French Cabinet Approves Energy Bill
French Cabinet Approves Energy Bill

Tuesday 5th August 2014

THE French Government has approved the country’s long anticipated Energy Bill, with expectations the bill could produce €10 billion of clean energy and technology investment. The bill was approved by the French Cabinet last week and will now go before the full parliament this autumn. Strikingly the bill proposes an increase in ...

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Ghanaians Urged to Imprve Energy Saving
Ghanaians Urged to Imprve Energy Saving

Monday 4th August 2014

ALHAJI Amin Amidu Sulemana, Ghana’s Upper West Regional Minister, called on the region to help save energy, pointing out that wasting of energy is one of the factors that contribute to load shedding. He highlighted that the production and service sectors of the Ghanaian economy depends so much on the availability ...

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Simple is Best Energy Saving Strategy for Dewa
Simple is Best Energy Saving Strategy for Dewa

Friday 1st August 2014

SAVING energy usually starts with simple measures which is exactly the steps taken by the Dubai Electricity and Water Authority (Dewa) to reduce energy use by 12% at its offices. They turned back the thermostats on their air-conditioning to 27°C from 24°C, and switching off equipment outside working hours or in ...

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UK Students to See the LED Light
UK Students to See the LED Light

Thursday 31st July 2014

A UK student accommodation company has set a program of installing energy saving LED lighting into 120 properties at a cost of £21 million. Unite Students house 41,000 students, meaning any energy savings in their properties can substantially reducing running costs and protect profits. The company expects to see payback within five ...

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S$8.3M for Singapore Building Energy Efficiency Research
S$8.3M for Singapore Building Energy Efficiency Research

Wednesday 30th July 2014

IN a bid to improve Singapore’s building energy efficiency, a grant of 8.3 million Singapore Dollars (S$) has been made to researchers from several of the Republic’s higher learning centres. Singapore’s Today report that researchers from the National University of Singapore (NUS), Nanyang Technological University (NTU) and Ngee Ann Polytechnic were ...

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$960B Spend on Commercial Building Energy Efficiency Retorfits
$960B Spend on Commercial Building Energy Efficiency Retorfits

Tuesday 29th July 2014

COMMERCIAL building owners and managers will invest nearly $960 billion in energy efficiency retrofits from 2014-2023 according to Navigant Research. Because the existing building stock dwarfs the amount of building space that is added on an annual basis, retrofits are a critical pathway to greening the world’s commercial buildings. Regulations and ...

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EIB Finance Energy Efficiency in Bucharest
EIB Finance Energy Efficiency in Bucharest

Monday 28th July 2014

THE European Investment Bank (EIB) is providing €22.47 million to finance the second phase of an energy efficiency retrofit program in Bucharest, Romania. The project is expected to result in around 50% savings in the energy consumption of the buildings concerned. The menu is the first tranche of a loan worth ...

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British Colombia's Mills Get Energy Saving Boost
British Colombia's Mills Get Energy Saving Boost

Friday 25th July 2014

THE Canadian province of British Colombia's (BC) government have announced a new Power Smart program to improve energy efficiency and reduce electricity costs for paper and pulp mills. The program will help producers remain globally competitive, supporting thousands of jobs throughout the province, while reducing overall electricity demand, keeping rates ...

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EU Commission Agrees 30% Energy Savings Goal
EU Commission Agrees 30% Energy Savings Goal

Thursday 24th July 2014

THE EU looks set to accept a 30% energy saving target by 2030, with the European Commission proposing the goal in a communication yesterday. The proposal claims new opportunities for European businesses, affordable energy bills for consumers, increased energy security through a significant reduction of natural gas imports and a positive ...

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Is the EU About to Get a 30% Energy Efficiency Target
Is the EU About to Get a 30% Energy Efficiency Target

Wednesday 23rd July 2014

Jean Claude Juncker, the President elect of the EU Commission, is backing a 30% energy efficiency target for 2030 for the bloc. During a speech last week to the European Parliament Juncker nailed his colours to the current president Manual Barroso’s proposal of 27-29%, stating: “A binding 30% energy efficiency target ...

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Global Energy Efficiency Rankings
Global Energy Efficiency Rankings

Tuesday 22nd July 2014

GERMANY comes in first in a new energy efficiency ranking of the world’s major economies, followed by Italy, the European Union as a whole, China, and France. According to the 2014 International Energy Efficiency Scorecard published today by the nonprofit American Council for an Energy-Efficient Economy (ACEEE). New to the rankings ...

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Supermarket Set Green Commercial Loan Lead
Supermarket Set Green Commercial Loan Lead

Monday 21st July 2014

UK supermarket giant Sainsbury’s has obtained a £200M green loan from Lloyds and Rabobank to fund their numerous sustainability programs, which the firm calling a breakthrough in commercial loans. The commercial loan is the first to be officially classified "green" loan taken out by a British blue chip company, which will ...

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10M for UK Business and Industry to Improve Energy Efficiency
10M for UK Business and Industry to Improve Energy Efficiency

Friday 18th July 2014

UK business, industry and other organisations will get help to cut their energy costs with £10 million available this year to improve efficiency and reduce energy demand, and more to follow. The announcement was made yesterday by UK Energy and Climate Change Secretary Ed Davey at the CBI’s Energy Conference. He ...

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Armenia gets $10M for Energy Efficiency Projects
Armenia gets $10M for Energy Efficiency Projects

Thursday 17th July 2014

THE European Bank for Reconstruction and Development (EBRD) and HSBC Bank Armenia CJSC for a $10 million loan to be directed to the industrial and renewable energy sectors. The funds will allow HSBC Armenia to support its borrowing clients in their energy efficiency and renewable energy investments. These funds will be ...

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'Limited Progress' In UK Commercial Energy Efficiency
'Limited Progress' In UK Commercial Energy Efficiency

Wednesday 16th July 2014

A NEW report by a UK government watchdog warns that “limited progress” has been made in persuading UK businesses to improve energy efficiency, The report from the Committee on Climate Change states that progress has been limited, notably in energy efficiency improvement in the commercial and industrial sectors and in the ...

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Energy Policy Review for Luxembourg
Energy Policy Review for Luxembourg

Tuesday 15th July 2014

Since 2008, Luxembourg’s energy policies through to 202 has focused on mitigating CO2 emissions in and on supporting renewable energies and energy efficiency. The country’s greenhouse gas emissions have stabilised as energy-intensive industries have scaled back their activities and the government put strong energy efficiency policies in place, notably for ...

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Onsite Reneweables Growing Rapidly
Onsite Reneweables Growing Rapidly

Monday 14th July 2014

ALMOST £300m was invested in UK commercial-scale independent renewable energy projects by businesses, communities, farmers and landowners last year, new figures reveal. The statistics compiled by SmartestEnergy for this year’s Energy Entrepreneurs Report show 843 new projects, with an average cost of £353,000 each, came on supply. The 2,930 non-Big Six projects ...

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Regional Alliance Five Year Energy Efficiency Plan
Regional Alliance Five Year Energy Efficiency Plan

Friday 11th July 2014

THE Northwest Energy Efficiency Alliance (NEEA), working on behalf of more than 140 Northwest utilities and energy efficiency organizations, released its 2015-19 Strategic and Business Plans. The NEEA is a non-profit organization working to maximize energy efficiency in the Pacific Northwest through the acceleration and adoption of energy-efficient products, services and ...

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Funding to Improve Guyana's Power System and Energy Efficiency
Funding to Improve Guyana's Power System and Energy Efficiency

Thursday 10th July 2014

A $64.573 million program to enhance operational efficiency of Guyana Power & Light, improve corporate performance, fund infrastructure investments and reduce energy waste has been instigated. The Inter-American Development Bank (IDB) has approved loans totaling approximately $37.6 million and has also secured non-reimbursable investment financing from the European Union totaling approximately ...

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1 Billion Euro Fund for Climate Change Battle
1 Billion Euro Fund for Climate Change Battle

Wednesday 9th July 2014

THE European Commission has awarded €1 billion funding to 19 projects to fight climate change under the second call of the so-called NER 300 funding programme. The funding for the projects comes from revenues resulting from the sale of emission allowances in the EU Emissions Trading System. This makes the ...

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