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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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Nigeria to get $50M Energy Efficiency Funding Boost
Nigeria to get $50M Energy Efficiency Funding Boost

Tuesday 26th February 2013

NIGERIA is to receive $50 million funding for energy efficiency and renewable energy programs from the Climate Investment Funds (CIF). The money is to bolster the African Development Bank (AfDB) supported program of financial systems for clean energy through local banks. It is also part of the country’s national Investment Plan ...

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Pakistan's Government Offices to set Energy Efficiency Lead
Pakistan's Government Offices to set Energy Efficiency Lead

Monday 25th February 2013

PAKISTAN’S Ministry of Water and Power has an energy efficiency strategy to save 15-20 percent the energy across government ministries, departments and autonomous bodies. Business Recorder reports that Pakistan is facing an acute energy shortage primarily due to supply chain problems, hence the best solution is to improve energy efficiency across ...

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Energy Efficiency Vital for Hospitals to Combat Shortfall
Energy Efficiency Vital for Hospitals to Combat Shortfall

Friday 22nd February 2013

THE UK’s hospitals face a budget shortfall of £2.3 billion due to soaring energy costs according to building giant Balfour Beatty’s consultancy Power Efficiency. Power Efficiency calculates that energy inflation will create a £2.3 billion shortfall in NHS budgets over the next decade unless the NHS, hospital trusts and regional health ...

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Ireland to Launch 70m Euro Commercial and Public Sector Energy Efficiency Fund
Ireland to Launch 70m Euro Commercial and Public Sector Energy Efficiency Fund

Thursday 21st February 2013

THE Irish Government has approved the setting up of a €70 million Energy Efficiency Fund with the intention of lending to the public and commercial sectors for energy efficiency projects. The proposal for the fund came from Irish Energy Minister Pat Rabbitte, he announced that the Irish Government has authorized an ...

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China Targets Energy Efficiency Improvement of 18%
China Targets Energy Efficiency Improvement of 18%

Wednesday 20th February 2013

CHINA’S Ministry of Industry and Information Technology revealed that the countries non-ferrous metals industry has to improve energy efficiency by 18 percent by 2015. The Shanghai Daily reports that the ministry reckons that if this industry sector can hit this target then the country could save energy the equivalent to 7.5 ...

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Philippines Doing Well in Energy Efficiency
Philippines Doing Well in Energy Efficiency

Tuesday 19th February 2013

THE Philippines suffers from the highest energy costs in Asia, which may also explain why they are in the top five of the most energy efficient in the region. Sohail Hasnie, the Asian Development Bank principal energy specialist, said: “In Southeast Asia, the Philippines is very, very ahead.” Hasnie also noted that ...

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Ukraine's Decision Makers to Learn about Energy Efficiency
Ukraine's Decision Makers to Learn about Energy Efficiency

Friday 15th February 2013

UKRAINIAN political and business decision-makers are being invited to a “Training in Energy Efficiency” (TrEff) program. The international program is being run by the Renewables Academy (RENAC), and is being sponsored by the German Federal Ministry of Economics and Technology (BMWi) as part of its Energy Efficiency Export Initiative. The first seminar ...

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SMEs Losing Out Due to Inaction on Energy Efficiency
SMEs Losing Out Due to Inaction on Energy Efficiency

Thursday 14th February 2013

UK utility npower’s research revealed that 56 percent of the country’s SMEs took a planned approach to their energy use, while 25 percent are still to implement energy efficiency measures. That 25 percent, are losing out on the potential savings available now through taking up the option to switch suppliers and ...

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Energy Efficiency in the State of the Union Address
Energy Efficiency in the State of the Union Address

Wednesday 13th February 2013

ENERGY efficiency was aired in President Barack Obama’s State of the Union address, stressing the importance of improvement. Obama said: “I’m also issuing a new goal for America: let’s cut in half the energy wasted by our homes and businesses over the next twenty years. “We’ll work with the states to do ...

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Urgent Need for New York Energy Efficiency
Urgent Need for New York Energy Efficiency

Tuesday 12th February 2013

ENERGY efficiency companies in the U.S. States of New York and Massachusetts have a huge business opportunity looming with the possible closure of a nuclear power station in 2015. Currently the debate is continuing as to whether the Indian Point nuclear power plant in New York will power down. With that ...

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Energy Efficiency Key to Doubling U.S. Energy Production by 2030
Energy Efficiency Key to Doubling U.S. Energy Production by 2030

Friday 8th February 2013

A NEW report claims the U.S. can double energy productivity by 2030 through increasing energy efficiency investments, re-addressing energy saving tax credits and engaging state and local governments. U.S. Senator Mark Warner and National Grid U.S. President Tom King, introduced the Alliance Commission on National Energy Efficiency Policy report which calls ...

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Focus on Energy Efficiency more than Renewables
Focus on Energy Efficiency more than Renewables

Thursday 7th February 2013

ULSTER University, Northern Ireland, have submitted evidence to the policy makers that energy efficiency should take the focus rather than renewable energy. The evidence, gathered from a European Regional Development Fund project, was presented to an All Party Parliamentary Group for Excellence in the Built Environment’s (APPGBE) inquiry by a research ...

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Energy Efficiency Funding for Pennsylvania's Small Business
Energy Efficiency Funding for Pennsylvania's Small Business

Tuesday 5th February 2013

THE Pennsylvania Department of Environmental Protection (DEP) has awarded $239,809 in grants to help 32 small businesses across Pennsylvania invest in energy-efficiency projects. DEP Secretary Mike Krancer said: "Becoming energy-efficient can involve an initial up-front investment that will be proportionally higher for small businesses. The investment will pay for itself and ...

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The Greenest Superbowl
The Greenest Superbowl

Monday 4th February 2013

YESTERDAY'S Superbowl was all about power, it was hailed as the greenest ever but also suffered from a power outage for 34 minutes underlining the need for energy. The American football game is all about power, yes the power of players but also the electricity to power the lighting needed in venues ...

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NYSERDA Energy Efficiency Funding for College
NYSERDA Energy Efficiency Funding for College

Friday 1st February 2013

THE New York State Energy Research and Development Authority (NYSERDA) has been helping several state educational centers to improve their energy efficiency through their various funding programs. Yesterday NYSERDA announced that it has awarded D’Youville College in Buffalo $155,000 to support energy efficiency upgrades to its six-story, mixed-use academic facility. The ...

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Real-time Energy Use Display Saves Energy
Real-time Energy Use Display Saves Energy

Thursday 31st January 2013

DISPLAYING energy consumption via monitors in the lobby of a commercial building has a dramatic effect in saving energy for the tenants, as experienced in a UK commercial building. Over the last four years tenants in a retail and commercial building in the central business district of Birmingham, UK, enjoyed energy ...

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Hong Kong Needs to Improve Building Energy Efficiency
Hong Kong Needs to Improve Building Energy Efficiency

Wednesday 30th January 2013

THE buildings that are packed into Hong Kong consume most of the regions electricity, hence improving the energy efficiency of those buildings is vital to developing Hong Kong’s low carbon economy. This was the message delivered on Monday at the conference of Sustainable Development through Energy Efficiency and Conservation, by the ...

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A Good Green Deal for Businesses
A Good Green Deal for Businesses

Tuesday 29th January 2013

YESTERDAY the Green Deal was launched in the UK and it isn’t just for households as it also applies to businesses - enabling them to finance energy efficiency upgrades. All types and sizes of businesses can have an individual energy efficiency package and one that suits the needs of a particular ...

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England's Health Service Has £50M for Energy Efficiency Projects
England's Health Service Has £50M for Energy Efficiency Projects

Thursday 24th January 2013

THE National Health Service (NHS) Trusts and Foundation Trusts in England are being prompted by central government to bid for a share of £50M to invest in energy efficiency projects. The capital funding is for investments during 2013-14, and will support new and innovative projects to improve energy efficiency, reduce carbon ...

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Energy Efficiency Needed to Combat Belgium Energy Shortfall
Energy Efficiency Needed to Combat Belgium Energy Shortfall

Wednesday 23rd January 2013

BELGIUM needs to improve its energy efficiency or face possible blackouts according to a study of the country’s energy problems after two nuclear reactors had to be taken offline. A study by consultancy group 3E for various green organisations highlighted energy efficiency as the key to Belgium’s energy shortfall, with the ...

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Oman Companies Pressed to Improve Energy Efficiency
Oman Companies Pressed to Improve Energy Efficiency

Monday 21st January 2013

THE Times of Oman reports that a clear message has been given to the Sultanate’s businesses and organizations to adopt sustainability and the need for energy efficiency improvement. The important message was delivered during the opening of Oman's premier eco-friendly exhibition, 'Gulf Eco 2013‘ yesterday. Energy efficient practices are at the forefront ...

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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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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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