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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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New York's Green Bank to Boost Sustainability
New York's Green Bank to Boost Sustainability

Tuesday 24th December 2013

NEW YORK Governor Andrew M. Cuomo, announced $210 million initial funding for a NY Green Bank, to accelerate clean energy deployment, create jobs, and promote sustainability. The initial funding combines $165 million redirected from other programs and approved by the Public Service Commission (PSC) and $45 million from the Regional ...

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Balkans get Energy Efficiency and Renewable Boost
Balkans get Energy Efficiency and Renewable Boost

Monday 23rd December 2013

ELECTRICAL blackouts and insecure power supplies have plagued the Western Balkans but are likely to become a distant memory thanks to investment in energy efficiency and renewable energy. The EBRD is providing financing under the Western Balkans Sustainable Energy Direct Financing Facility (WeBSEDFF), targeted to help the region’s transition to renewable ...

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Hawaiian Airports to Improve Energy Efficiency
Hawaiian Airports to Improve Energy Efficiency

Friday 20th December 2013

STATE Governor of Hawaii, Neil Abercrombie unveiled an energy efficiency program for the Department of Transportation’s (DOT) Airports Division that will cut energy use by 49 percent. In financial terms this level of savings will return $518 million in energy costs over the next 20 years. The airports will be modernized with ...

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India's SCR Recognized for Energy Efficiency Efforts
India's SCR Recognized for Energy Efficiency Efforts

Thursday 19th December 2013

INDIA’S South Central Railway (SCR) has claimed two National Energy Conservation Awards for 2013, instituted by the Union Ministry of Power. The first award was in the General Category sector for the efforts in energy efficiency at the Guntakal Pumping Station. The pumping station reduced energy consumption by 17.2 percent compared to last ...

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ACEEE Call for Increased Energy Efficiency
ACEEE Call for Increased Energy Efficiency

Wednesday 18th December 2013

ENERGY efficiency increases needs to be a key strategy in achieving carbon emission reduction goals, according to comments submitted to the U.S. Environmental Protection Agency (EPA). The joint comments came via the Alliance to Save Energy and the American Council for an Energy-Efficient Economy (ACEEE), in response to the agency's forthcoming ...

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Dnipropetrovsk's Public Buildings Get Energy Efficiency Funding
Dnipropetrovsk's Public Buildings Get Energy Efficiency Funding

Tuesday 17th December 2013

THE European Bank for Reconstruction and Development (EBRD) is providing a loan of up to €10 million for energy efficiency improvements to public buildings in the Ukrainian city of Dnipropetrovsk. There is also an option to increase the loan to €20 million in the future to further energy efficiency in one ...

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Japan, China and South Korea Combine for Green Battle
Japan, China and South Korea Combine for Green Battle

Monday 16th December 2013

YESTERDAY three East Asian countries signed an agreement to battle air pollution that blights many nations in the region - part of the strategy involved energy efficiency. China, Japan and South Korea agreed to increase sustainable development, sharing the benefits. South Korea and Japan have experience in energy saving that ...

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Improved Energy Efficient Buildings Cut Costs
Improved Energy Efficient Buildings Cut Costs

Friday 13th December 2013

THE least energy efficient US buildings use five times more electricity, four times more oil and eight times more gas than the energy efficient buildings over winter months. A new survey by WegoWise of 17,000 buildings, reveals the difference, and hence the benefits of improving energy efficiency. Of course the greater ...

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Energy Efficiency Can Replace Warheads
Energy Efficiency Can Replace Warheads

Thursday 12th December 2013

YESTERDAY the U.S. and Russia completed the Megatons to Megawatts Program, with the off-loading of the final shipment of low enriched uranium at the Port of Baltimore from Russia. The program started in 1993, and this shipment was the last of what has been more than 500 metric tons of ...

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Energy Efficiency Instead of Coal for EBRD
Energy Efficiency Instead of Coal for EBRD

Wednesday 11th December 2013

THE European Bank for Reconstruction and Development (EBRD) has adopted a new strategy that will guide its investments in the energy and natural resources sector for the next five years. EBRD are already the largest investor in renewable energy and energy efficiency projects in its region of operations, but the new ...

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Containing Energy
Containing Energy

Tuesday 10th December 2013

Hitachi are moving forward with the development of a ‘BIG’ lithium-ion battery that would provide ideal energy storage from renewable sources. At the start of next year Hitachi will begin a test of this energy storage system in North America. Aiming to develop the results of this testing into a commercial ...

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Finance for Irish SMEs Energy Efficiency Improvements
Finance for Irish SMEs Energy Efficiency Improvements

Tuesday 10th December 2013

ALLIED Irish Banks (AIB) is to make €100 million available for lending to enable Irish SMEs to radically lower their energy bills. The bank will take into account the projected savings from energy efficiency projects when calculating the borrower’s repayment capacity. Qualifying customers can avail themselves of discounted funding supported by ...

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Moldova's Sustainable Energy Investment
Moldova's Sustainable Energy Investment

Monday 9th December 2013

INVESTMENTS by the European Bank for Reconstruction and Development (EBRD) in energy efficiency and renewable energy in Moldova have reached €100 million under the EBRD’s Sustainable Energy Initiative (SEI). This milestone will be announced in Chisinau during the Moldova Eco-Energetic─â awards ceremony on 6 December that celebrates the best initiatives in ...

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EPA Updates Sustainability Plan
EPA Updates Sustainability Plan

Friday 6th December 2013

THE U.S. Environmental Protection Agency (EPA) has released its 2013 Strategic Sustainability Performance Plan, outlining actions planned over the next year to cut energy use and waste in agency operations. President Obama signed Executive Order in October 2009, setting aggressive targets for reducing waste and pollution in Federal operations by ...

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USDA Announce Energy Efficiency Funding
USDA Announce Energy Efficiency Funding

Thursday 5th December 2013

U.S. Agriculture Secretary Tom Vilsack yesterday announced that USDA will take steps to save rural energy consumers money on their bills in partnership with rural electric cooperatives. USDA plan to provide rural electric cooperatives up to $250 million to lend to business and residential customers for energy efficiency improvements and ...

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Health Authority to Divert Energy Savings to Patient Care
Health Authority to Divert Energy Savings to Patient Care

Wednesday 4th December 2013

THE Cape Breton District Health Authority (CBDHA) in Nova Scotia plans to significantly lower its energy costs and divert those savings into programs, services, equipment and patient care. CBDHA have appointed an energy manager to oversee the program, working with non-profit Efficiency Nova Scotia. In a press release the health authority’s vice-president ...

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Jamaica Needs 'Energy Revolution'
Jamaica Needs 'Energy Revolution'

Tuesday 3rd December 2013

JAMAICA is failing on energy efficiency according to Kelly Tomblin, President and CEO of Jamaica Public Service Company (JPS), the island state’s utility company. The Jamaica Observer reports Tomblin explaining: "a recent study shows that Jamaica's energy conservation is.…seven times worse. And I want to underscore that. Because whenever I talk ...

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Energy Efficiency Improvement for Siberian Schools
Energy Efficiency Improvement for Siberian Schools

Monday 2nd December 2013

AN EBRD (European Bank for Reconstruction and Development) pilot project in western Siberia will allow local schools to increase the energy efficiency of their buildings by outsourcing energy efficiency.  The firms involved in improving the energy efficiency will recoup their costs by receiving a share of the savings on the schools’ energy ...

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Call for Business 'Green Deal' to be Relaunched
Call for Business 'Green Deal' to be Relaunched

Friday 29th November 2013

A coalition of civil servants, parliamentarians and business leaders is urging the UK government to relaunch the Green Deal scheme for small businesses to obtain loans for energy efficiency improvements. The report, published jointly by the Westminster Sustainable Business Forum and Carbon Connect, argues significant benefits – including reduced energy bills, ...

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Energy Efficiency Boost for Bulgaria's Public Buildings
Energy Efficiency Boost for Bulgaria's Public Buildings

Thursday 28th November 2013

THE European Bank for Reconstruction and Development (EBRD) is launching a program to increase energy efficiency investments in public buildings and services in Bulgaria. Buildings account for up to 40% of Bulgaria’s energy consumption, and public facilities such as schools, universities, or town halls are a large segment of the total ...

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Energy Efficiency Boost for 13 States
Energy Efficiency Boost for 13 States

Wednesday 27th November 2013

THE U.S. Energy Department yesterday awarded nearly $4 million to 13 states to increase statewide energy savings and boost the energy efficiency of public institutions, local governments and industrial sectors. The awards were all part of the Obama Administration’s efforts to double energy productivity by 2030 and help reduce energy ...

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India's Steel Industry Energy Efficiency Boost
India's Steel Industry Energy Efficiency Boost

Tuesday 26th November 2013

THE Times of India reports that the countries steel industry is directing its efforts to expanding a project aimed at reducing energy consumption by small scale steel producers. The existing project, which started in 2004 and ends next month, has been deemed a great success, but only 34 small-scale steel plants ...

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Energy Saving Advice for SMEs
Energy Saving Advice for SMEs

Monday 25th November 2013

UK energy utility nPower have highlighted some simple steps that can be taken by SMEs to unlock potential savings on energy costs which all sizes of businesses could also benefit from. Here are some basic and sensible tips nPower offer for businesses looking to save on energy use. They cover ...

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Revolving Energy Efficiency Fund for University
Revolving Energy Efficiency Fund for University

Friday 22nd November 2013

OREGON’S Portland State University have launched a $500,000 Green Revolving Fund to reduce PSU’s greenhouse gas emissions, lower utility bills and advance the goals of the University’s Climate Action Plan. A committee of PSU staff and faculty will select projects that improve the condition of campus buildings and reduce their environmental ...

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Where Does Your Country Rank in Climate Battle?
Where Does Your Country Rank in Climate Battle?

Thursday 21st November 2013

THIS years Climate Change Performance Index (CCPI) was released yesterday by Germanwatch and Climate Action Network (CAN) Europe at the UN climate talks in Warsaw. The results show emissions worldwide have climbed to a new peak and no single country is yet on track to prevent dangerous climate change. "Unexpectedly, for ...

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