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Breaking Article - Posted 146 hrs ago
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
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Tuesday 8th July 2014
THE U.S. Department of Energy issued a loan guarantee solicitation, making as much as $4 billion in loan guarantees available for innovative renewable energy and energy efficiency projects. The projects have to be located in the U.S. and avoid, reduce, or sequester greenhouse gases. This solicitation represents the next step in ...
Monday 7th July 2014
THE Indian state of Andhra Pradesh has given “state-designated agency” status to the State Energy Conservation Mission, tasking it to coordinate, regulate and enforce energy conservation and efficiency. India’s Bureau of Energy Efficiency and the Energy Conservation Committee estimate that the state can make savings of about 20% on energy ...
Friday 4th July 2014
THE European Bank for Reconstruction and Development (EBRD) is continuing to support energy efficiency improvements in the Kyrgyz Republic with a loan under the Kyrgyz Sustainable Energy Financing Facility (KyrSEFF). Kyrgyz Investment and Credit Bank (KICB) will receive a loan of $5 million, which will then be used for on-lending to ...
Thursday 3rd July 2014
A $62 million energy saving project is to be implemented in 15 schools and three Jamaican Government agencies, as the administration works to reduce the high energy bill within the public sector. This was announced by Jamaican State Minister for Science, Technology, Energy and Mining, Julian Robinson, who noted that the ...
Wednesday 2nd July 2014
A NEW survey finds many American cities are already responding to record high heat and extreme weather events through energy efficiency measures. The survey of North American cities by the American Council for an Energy Efficiency Economy (ACEEE) and the Global Cool Cities Alliance (GCCA) finds that confronting the challenges of ...
Tuesday 1st July 2014
THE European Bank for Reconstruction and Development (EBRD) is providing €35 million in credit lines to improve energy efficiency in Moldova. EBRD’s Moldovan Residential Energy Efficiency Financing Facility (MoREEFF) is providing the funding to local partner banks, which will then on-lend to customers to finance the energy efficiency improvements in residential ...
Monday 30th June 2014
THE Asian Development Bank (ADB) and Japan announced a trust fund to support the adoption of advanced low-carbon technologies and energy efficiency in its developing member countries (DMCs). A grant of ¥1.8 billion (about $17.65 million) from the Government of Japan will seed the fund. The Minister of the Environment of ...
Friday 27th June 2014
THE Carbon Trust is calling on British businesses to save billions on energy bills through implementing the energy efficiency opportunities identified through the new Energy Savings Opportunity Scheme (ESOS). The new scheme is expected to help reduce energy bills for large enterprises by £300 million in 2016, but the Carbon ...
Thursday 26th June 2014
THE UK Green Investment Bank (GIB) and its fund manager Sustainable Development Capital LLP (SDCL) yesterday announced £1m of funding to help SMEs to make investments in energy efficiency. The £1m will be matched by another £1m from SI Capital R&S1, with the £2m invested into ReEnergise Finance Ltd’s Smart ...
Wednesday 25th June 2014
A MAJOR new UK construction industry coalition has urged for improvement in the energy efficiency of UK building stock, with the government committing to retrofit a million homes a year by 2020. In an open letter to the UK infrastructure minister Lord Deighton, 20 organisations from the construction, housing and environment ...
Tuesday 24th June 2014
THE French government have introduced an much expected bill to cut the country’s reliance on nuclear energy and fossil fuels. The bill is the focus of Environment Minister Ségolène Royal, who wishes to reduce France’s energy use by 50% by 2050, based on 2012 figures, and reduce fossil fuel use by ...
Monday 23rd June 2014
THE IEA (International Energy Agency) report that China may reach investment as high as $1.6 trillion by 2035, to finance energy efficiency and savings, accounting for 15% of global spending. Fatih Birol, the Chief Economist and Director of Global Energy Economics for IEA , talked about the report in Beijing at ...
Friday 20th June 2014
THE European Bank for Reconstruction and Development (EBRD) is helping to address Jordan’s acute energy shortage with an investment that will increase the efficiency of energy consumption in the country’s water sector. A $ 3 million EBRD loan to local energy service companies (ESCOs) will finance projects in water and waste ...
Thursday 19th June 2014
THE Government of the Republic of Kazakhstan and the World Bank yesterday signed a US$ 21.7 million Grant Agreement for the Kazakhstan Energy Efficiency Project. The Agreement provides for the implementation of the four-year project to assist the Republic of Kazakhstan in creating a favorable policy environment to help build the ...
Wednesday 18th June 2014
A 40% energy efficiency target for 2030 would grow Europe’s economy by 4% a year, deliver an annual 3.15% employment boost and cut fossil fuel imports by €505 billion annually. This is reported by EurActiv and is based on claims by sources with access to a report prepared for the EU’s ...
Tuesday 17th June 2014
TURKEY’S government is to offer incentives for energy saving efforts as it looks to save 15 billion lira by reducing energy consumption annually according to Energy Minister Taner Yıldız. Yildiz revealed the plan at a meeting on energy efficiency, commenting that improving it would earn the country’s economy about 65 billion ...
Monday 16th June 2014
THE EBRD is deepening its support for sustainable energy investments in the Slovak Republic with a €20m loan to Slovenska Sporitelna, a.s. (SLSP), one of the country’s leading banks. The funds is to be targeted at private companies for renewable energy projects and energy efficiency in industry and buildings. The loan ...
Friday 13th June 2014
AN English boarding and day school aims to save £330,000 through a new ‘Mission for Energy Efficiency’, reports Energy Live News. Milton Abbey School, in Dorset, has up to 300 pupils and targets the savings through the installation of energy saving and renewable technology, including a biomass boiler, water harvesting technology, ...
Thursday 12th June 2014
THE Cape Breton District Health Authority in Nova Scotia will save an estimated $245,000 a year in energy costs after completing several energy efficiency projects. As part of a partnership with Efficiency Nova Scotia, an independent non-profit organization, trained energy efficiency professionals worked on-site with the District Health Authority to identify ...
Wednesday 11th June 2014
Agriculture Secretary Tom Vilsack announced that the U.S. Department of Agriculture (USDA) is seeking applications from rural small businesses and agricultural producers for funding to make energy efficiency improvements or to install renewable energy systems. The funding announced is being provided through USDA’s Rural Energy for America Program (REAP). Investments from ...
Tuesday 10th June 2014
THE New South Wales (NSW) Government have announced improvements to its Energy Savings Scheme (ESS), that encourages reductions in electricity consumption and costs of installing energy saving technology. Suppliers of equipment can provide discounts to customers on energy efficient products and then claim credits. These credits can then be bought ...
Monday 9th June 2014
THE European Bank for Reconstruction and Development (EBRD) is boosting Romania’s renewable energy market with a €57 million loan for the development of the Topolog-Dorobanțu wind farm in the south east of the country. The EBRD financing is structured under the Bank’s A/B loan scheme, with €38 million on the EBRD’s ...
Friday 6th June 2014
THE International Energy Agency (IEA) has calculated that to meet the world’s growing need for energy will require more than $48 trillion in investment over the period to 2035. This gigantic amount is the conclusion of a special report on investment released this week by the IEA as part of the ...
Thursday 5th June 2014
THE Romanian Parliament is to adopt an energy efficiency ruling inline with the European Union Energy Efficiency Directive, enforcing businesses to apply energy efficiency strategies. Iulian Iancu, president of the Romanian Industry and Services Commission in the countries Chamber of Deputies, stated there is a need for a law on energy ...
Wednesday 4th June 2014
THE American Council for an Energy-Efficient Economy (ACEEE) has made a statement in response to the U.S. Environmental Protection Agency’s (EPA) proposal to reduce carbon pollution from existing power plants. Steven Nadel, ACEEE executive director, stated: “Energy efficiency is the cheapest, cleanest, and most readily available energy resource to help states ...