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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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Upgrading Motor Controls Saves Energy
Upgrading Motor Controls Saves Energy

Monday 5th August 2013

A UK company, Cirteq, have saved £11,000 annually on energy costs by installing energy efficient technology on motors in one machine. Cirteq make circlips for the automotive, aerospace and general engineering industries, with one of the first processes being to shape and draw the raw metal wire using a machine that ...

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China Continues Heavy Investment in Energy Efficiency
China Continues Heavy Investment in Energy Efficiency

Friday 2nd August 2013

CHINA is continuing the efforts to develop clean energy and energy efficiency according to Xie Zhenhua, the Vice Director of the National Development and Reform Commission. The Asian giant’s total investment in energy efficiency and greenhouse gas emission reduction projects is expected to be around $375 billion through to 2015, with ...

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Bulgarian SMEs get 64M Euro Energy Efficiency Financing
Bulgarian SMEs get 64M Euro Energy Efficiency Financing

Thursday 1st August 2013

THE European Bank for Reconstruction and Development (EBRD) is promoting energy efficiency in Bulgarian small and medium-sized enterprises by providing a line of credit to finance improvements. Three leading Bulgarian banks – Postbank, Piraeus Bank Bulgaria A.D. and United Bulgarian Bank A.D. (UBB) – are handling the funding to support the ...

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New Energy Efficiency Standards for UK Buildings
New Energy Efficiency Standards for UK Buildings

Wednesday 31st July 2013

THE UK Government announce new energy efficiency standards for non-domestic buildings which promises to cut fuel bills for large businesses by about £60k, compared to build standards before 2010. The measures will come into force in April 2014 meaning non-domestic buildings will have to include energy saving features such as energy ...

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Energy Efficiency Funding for Azerbaijani Businesses
Energy Efficiency Funding for Azerbaijani Businesses

Tuesday 30th July 2013

THE IFC (International Finance Corporation), is supporting Bank Respublika as it provides Azerbaijani businesses financing for energy saving technologies, to boost the efficiency and competitiveness. IFC, a part of the World Bank Group, signed an agreement with Bank Respublika to provide energy efficiency financing and also provide training for bank ...

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Call for Improved Energy Efficiency in Zambia
Call for Improved Energy Efficiency in Zambia

Monday 29th July 2013

A CALL for improvements in Zambia’s energy efficiency were made at the opening of the country’s 2013 Energy Week - themed ‘Energy Conservation - My Responsibility’. The Times of Zambia reports that Charles Zulu, Zambia’s Mines, Energy and Water Development Deputy Minister called for concerted efforts towards reducing the country's power ...

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Croatian Company get 9.9M Euro Energy Efficiency Loan
Croatian Company get 9.9M Euro Energy Efficiency Loan

Friday 26th July 2013

PODRAVKA, one of the largest food producers in Croatia, have received a €9.9 million loan from the EBRD to improve its energy efficiency. A press release from the company reveals: "The loan will finance investments focused on improvements in various factories and the company’s headquarters building. “This improvement of energy efficiency ...

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SPAR Slovenija get 40M Euro Energy Efficiency Boost
SPAR Slovenija get 40M Euro Energy Efficiency Boost

Thursday 25th July 2013

THE European Bank for Reconstruction and Development (EBRD) is supplying a loan of up to €40 million to retailer SPAR Slovenija to support further development on resource and energy efficiency. SPAR Slovenija currently operate 88 stores in the country with 2012 sales of €693 million, and is indirectly fully owned ...

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World Bank Funding for Energy Efficiency in Uzbekistan
World Bank Funding for Energy Efficiency in Uzbekistan

Wednesday 24th July 2013

Funding to improve industrial sector energy efficiency in Uzbekistan worth $100 million is being provided by the World Bank. Saroj Kumar Jha, the World Bank Regional Country Director for Central Asia and the Government of Uzbekistan signed the line of credit for additional financing to the Energy Efficiency Facility for Industrial ...

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10M Euro Energy Efficiency Boost for Romanian SMEs
10M Euro Energy Efficiency Boost for Romanian SMEs

Tuesday 23rd July 2013

ROMANIA’S small and medium sized businesses have been given a €10 million boost to invest in energy efficiency and renewable energy from the European Bank for Reconstruction and Development (EBRD). The new financing arrangement for this loan is through Romania’s UniCredit Tiriac Bank S.A. for on-lending to small and medium-sized enterprises ...

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Saving Energy in Small Commercial Buildings
Saving Energy in Small Commercial Buildings

Monday 22nd July 2013

BUILDING on U.S. President Obama’s Climate Action Plan the Energy Department announced an award of $10 million for six projects to help small commercial buildings save money by saving energy. These small commercial buildings are less than 50,000 square feet in size and include schools, churches, strip malls, restaurants and grocery ...

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Green Certification for Philippine's Buildings
Green Certification for Philippine's Buildings

Friday 19th July 2013

TO promote energy efficient buildings and infrastructure in the Philippines, the Department of Energy (DOE) and the Building for Ecologically Responsive Design Excellence (BERDE) have launched a new rating system.  Eco-business.com report that the BERDE Green Building Rating System (GBRS) is used to monitor the environmental performance of buildings that exceed ...

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School District to get $1.64m Energy Efficiency Grant
School District to get $1.64m Energy Efficiency Grant

Thursday 18th July 2013

THE California State West Contra Costa school district is to receive $1.64 million anually for five years from a state grant to improve energy efficiency across its schools. The money will be used for energy saving projects in schools that are due for rebuilding, remodeling or repair. Using California’s Proposition 39, which ...

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Clean Energy Progress in Serbia
Clean Energy Progress in Serbia

Wednesday 17th July 2013

SERBIA plans to continue to improve energy efficiency across the country and increase the exploitation of renewable energy. Zorana Mihajlovic, Serbian Energy Minister, said at a green energy conference on Monday: “Serbia is rich in energy resources, but it has not been very efficient in exploiting them. Renewable energy sources are ...

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Energy Efficiency Funding for Turkish SMEs
Energy Efficiency Funding for Turkish SMEs

Tuesday 16th July 2013

THE European Bank for Reconstruction and Development (EBRD) is aiding Turkey’s efforts to become energy-efficient with a financing facility that now totals close to half a billion euros. With a group of key partner banks, the EBRD is providing finance for on-lending to Turkey’s small and medium-sized enterprises (SMEs) wishing to ...

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Is the U.S. Progressing in Energy Efficiency?
Is the U.S. Progressing in Energy Efficiency?

Friday 12th July 2013

THE United States has lagged behind the developed world in energy efficiency for a long time, are they now catching up? This is a question answered in ACEEE’s latest report. With energy efficiency taking center stage last week when President Obama announced a series of steps the administration will be taking to ...

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Empire State Building Points the Way
Empire State Building Points the Way

Thursday 11th July 2013

NEW York’s famous Empire State Building is now ‘green’ through the success of its energy efficiency retrofit programme, and is now a model for sustainability upgrades in many other buildings. The retrofit of the iconic building began in 2009 as part of the Clinton Global Initiative and has succeeded yet again ...

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Australian Fruit Growers get Energy Efficiency Grant
Australian Fruit Growers get Energy Efficiency Grant

Wednesday 10th July 2013

THE Australian Government is helping the countries fruit growers to discover energy savings across their facilities through a $636,970 (Australian) grant. The grant has been awarded to Apple and Pear Australia Limited (APAL) who will now audit fruit growers and look where costs can be cut through energy efficiency. APAL spokeswoman Annie ...

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Energy Use to Double by Mid Century
Energy Use to Double by Mid Century

Tuesday 9th July 2013

OIL giant Shell predict that over the next 50 years energy demand could increase by 80% as the population nears 9.5 billion by mid-century and the fiscal advance of emerging economies. This is the view of the future presented by Shell in their New Lens Scenarios Report entitled: ‘A Shift In ...

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Sri Lankan Hotel Group Certified for Energy Efficiency
Sri Lankan Hotel Group Certified for Energy Efficiency

Wednesday 3rd July 2013

THE Heritance Hotel group in Sri Lanka has set the lead to many other resorts in the region after being awarded ISO 5001 certification for energy efficiency. ISO 5001 states the requirements for energy efficiency, including implementing and maintaining an energy management system, which allows a systematic approach to improve energy ...

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Energy Efficiency Funding for Space Coast Businesses
Energy Efficiency Funding for Space Coast Businesses

Tuesday 2nd July 2013

BUSINESSES in Florida’s Space Coast can benefit from an energy efficiency funding program to be rolled out in August. Low-interest loans for local businesses, promising 20 percent or more savings on electric bills will be available through the Solar and Energy Loan Fund (SELF), a nonprofit group based in St. Lucie ...

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Energy Efficiency Key to UK's Emission Targets
Energy Efficiency Key to UK's Emission Targets

Monday 1st July 2013

ANGELA Knight of Energy UK, has flagged up areas the UK Government need to develop to get new energy efficiency schemes working and the challenges involved. Knight, the CEO of the trade body for the energy sector, said in a letter to climate change minister Greg Barker that energy efficiency needs ...

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Funding to Accelerate Demand-side Energy Efficiency
Funding to Accelerate Demand-side Energy Efficiency

Friday 28th June 2013

THE Asian Development Bank (ADB) will boost investment in end-user energy efficiency helping Asia and the Pacific tackle surging power demand and growing environmental threats from greenhouse gas emissions. Bindu N. Lohani, ADB’s Vice-President for Knowledge Management and Sustainable Development, at the opening of the 8th Asia Clean Energy Forum in ...

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Europe and Central Asia need to Improve Energy Efficiency
Europe and Central Asia need to Improve Energy Efficiency

Thursday 27th June 2013

A FEW lessons in energy efficiency policy can go a long way in Europe and Central Asia, where despite improvements, many countries remain highly energy intensive. This is the conclusion of a World Bank Group study, “Lessons Learned From Energy Efficiency Success Cases”, which notes that measures taken by countries that ...

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Call for Better Energy Efficiency Targets for Europe's Buildings
Call for Better Energy Efficiency Targets for Europe's Buildings

Wednesday 26th June 2013

EUROPE’S Energy Efficiency Directive comes into force next year, but EurActiv report that there is now further pressure to adopt targets earlier and for reduced energy targets in Europe’s buildings. EurActiv adds that campaigners are urging policymakers to act now and tackle the huge potential for energy savings in Europe’s building ...

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