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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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$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects

Monday 14th August 2017

THE International Finance Corporation (IFC), is partnering with Sri Lanka’s Commercial Bank of Ceylon on a $100 million financing structure to help the bank increase lending for energy efficiency and renewable energy projects in the country. This seven year financing to Commercial Bank will help reduce greenhouse gasses, promote energy efficiency ...

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Saving Energy From Water in Saudi Arabia - Video
Saving Energy From Water in Saudi Arabia - Video

Friday 11th August 2017

Energy Recovery Inc. the leader in pressure energy technology for industrial fluid flows, yesterday announced a total award of $2.5 million to supply its PX Pressure Exchanger technology for desalination projects in Saudi Arabia. Energy Recovery will supply two Pressure Exchanger devices for the plants, which will produce a total of ...

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$100M To Improve Energy Efficiency in Japanese and Polish Glass Production
$100M To Improve Energy Efficiency in Japanese and Polish Glass Production

Friday 4th August 2017

THE International Finance Corporation (IFC), will lend $100 million to NSG UK Enterprises, a subsidiary of Japan’s Nippon Sheet Glass (NSG Group), to finance energy efficient glass production in Brazil and Poland. NSG Group is a global leader in glass production and technology with operations throughout America, Europe and Asia. The ...

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IEA World Energy Investment Report
IEA World Energy Investment Report

Monday 17th July 2017

THE International Energy Agency (IEA) report that global energy investment fell by 12% in 2016, the second consecutive year of decline. Increased spending on energy efficiency and electricity networks was more than offset by a continued drop in upstream oil and gas spending, according to the IEA’s annual World Energy Investment ...

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New Orleans Releases City’s First Climate Action Strategy
New Orleans Releases City’s First Climate Action Strategy

Monday 10th July 2017

U.S. city New Orleans has released a major new Climate Action Strategy. As one of the most vulnerable cities in the U.S. the city is placing itself at the forefront of climate action. The Strategy, Climate Action for a Resilient New Orleans, aims to reduce the city’s CO2 emissions by 50% ...

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Energy Ministers Weaken EU Energy Savings Obligation
Energy Ministers Weaken EU Energy Savings Obligation

Monday 26th June 2017

ENERGY ministers in the EU Council today confirmed 30% energy efficiency target, but weakened the key energy saving measure to deliver it. A meeting of EU energy ministers in Luxembourg today represented the last opportunity for the Maltese Presidency to achieve an ambitious Council position on the 2030 energy efficiency framework. The ...

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EBRD Increase Energy Efficiency Financing
EBRD Increase Energy Efficiency Financing

Thursday 8th June 2017

THE European Bank for Reconstruction and Development (EBRD) has posted a sharp increase in energy efficiency & green economy financing in the first five months of 2017.   The increase puts EBRD well on track to meet ambitious climate finance objectives announced in the run up to the 2015 Paris Climate Agreement.   Ahead ...

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New York's Cayuga County Gets Clean Energy Community Designation
New York's Cayuga County Gets Clean Energy Community Designation

Monday 15th May 2017

THE New York State Energy Research and Development Authority (NYSERDA) today announced that Cayuga County has been designated a Clean Energy Community, recognising its leadership in reducing energy use, cutting costs and driving clean energy in its communities. This designation is supported by the Central NY Rising initiative which is the ...

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UK Needs to Prioritise Industrial Energy Efficiency
UK Needs to Prioritise Industrial Energy Efficiency

Monday 24th April 2017

A NEW repot from the Energy Institute reveals that UK industrial energy efficiency and resource productivity must become a priority in the country’s industrial strategy. Based of a survey of 1300 energy industry professionals the report indicates the importance of a solid long term, low carbon energy plan particularly for buildings ...

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Energy Efficiency Funding for Egypt
Energy Efficiency Funding for Egypt

Monday 27th March 2017

THREE international development banks have joined the EU to promote green investments in Egypt, supporting projects to boost energy efficiency and renewable energy sources in the country. The European Bank for Reconstruction and Development (EBRD), the Agence Française de Développement (AFD), the European Investment Bank (EIB) and the EU launched their ...

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Jamaican Energy Efficiency Program Already Saved $131.5M
Jamaican Energy Efficiency Program Already Saved $131.5M

Friday 24th March 2017

JAMAICA’S Minister of Science, Energy and Technology, Dr Andrew Wheatley, has stated that the Government has realised savings of some $131.5 million through their Energy Efficiency and Conservation Programme (EECP). Jamaica Gleaner reports: Wheatley saying: “This is money that can be diverted to other areas, such as social and infrastructural development.” The ...

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Alberta Has Energy Efficiency Vision
Alberta Has Energy Efficiency Vision

Friday 17th March 2017

THE Canadian Province of Alberta's Government is supporting energy efficiency at a farm stewardship centre.  The facility employs engineers, technologists and specialists who research agricultural practices and monitor environmental impacts. Using $54,000 of Climate Leadership Plan funding, the centre will install a 15-kW solar photovoltaic (PV) system and upgrade lighting to ...

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Sustainable Coffee Roastery - Video
Sustainable Coffee Roastery - Video

Monday 13th March 2017

THE UK’s Costa Coffee company opened its new £38m roastery, which Costa claims is "one of the most sustainable industrial buildings in the world”. The 85,690 sq ft facility is now Europe’s biggest coffee roastery, based in Basildon, Essex, and has quadrupled Costa’s roasting capacity to 45,000 tonnes annually. This will ...

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Room for Sustainable Improvement Globally
Room for Sustainable Improvement Globally

Friday 17th February 2017

DESPITE an increasing number of developing countries are emerging as leaders in sustainable energy, with robust policies to support energy access, renewables and energy efficiency, according to a new World Bank Report, but more is needed. Amongst these leading lights are Mexico, China, Turkey, India, Vietnam, Brazil, and South Africa. But ...

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Kodak Snaps Up Energy Savings
Kodak Snaps Up Energy Savings

Monday 16th January 2017

KODAK Alaris has made 11% savings on annual energy costs at its UK manufacturing site through utilising a cloud based energy-management system.   The system developed by DONG energy was launched in 2015 and is a Site Optimisation product, it analyses half-hourly signals from the energy market and calculates the most cost-efficient ...

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Scottish SMEs Could Save £19k Annually With Improved Energy Efficiency
Scottish SMEs Could Save £19k Annually With Improved Energy Efficiency

Monday 5th December 2016

SCOTTISH SMEs could add, on average, £19,000 annually to their bottom line by improving energy efficiency according to a new report from Zero Waste Scotland. To aid SMEs to cut waste the Scottish Government are also offering interest free loans of up to £100k to install energy efficiency technology and implement ...

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UK Manufacturer's Energy Efficiency Could Return £2.65bn
UK Manufacturer's Energy Efficiency Could Return £2.65bn

Friday 2nd December 2016

UK manufacturers could improve the UK economy by an additional £2.56 billion by investing more in energy efficiency technologies, claims a new report by Barclays. The Barclays Corporate Banking “Powering On; Energy Resilience in UK Manufacturing” report examines current attitudes of UK manufacturers towards energy supply and management and models how ...

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Energy Efficiency the Answer for the Economy and Climate Change
Energy Efficiency the Answer for the Economy and Climate Change

Monday 21st November 2016

THE UK’s CarbonTrust released a new report at the end of the UN’s COP22 climate talks in Marrakech last week which shows how critical energy efficiency is to battling climate change and expand economies. The Trust states that despite the availability of the technology and the energy cost savings possible, ...

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$5 Million Energy Efficiency Competition for 5 New York Cities
$5 Million Energy Efficiency Competition for 5 New York Cities

Sunday 16th October 2016

NEW York State Governor Andrew Cuomo has announced the launch of a clean energy competition that will award up to $5 million for forward-thinking, energy efficiency projects in Rochester, Syracuse, Albany, Buffalo and Yonkers. The competition represents the latest phase of the Five Cities Energy Plans initiative, launched in 2015, ...

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2016 World Energy Efficiency Rankings
2016 World Energy Efficiency Rankings

Friday 22nd July 2016

GERMANY continues to lead the world in energy efficiency, followed by Italy and Japan (tied for second place), France, and the United Kingdom (not reflecting energy-related government changes in 2016), according to the 2016 International Energy Efficiency Scorecard. New to the rankings this year are eight nations:  Indonesia, Netherlands, Poland, Saudi ...

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$19 Million to Improve U.S. Efficiency
$19 Million to Improve U.S. Efficiency

Friday 15th July 2016

THE U.S. Energy Department announced today it is investing $19 million to improve the efficiency in the nation’s homes, offices, schools, hospitals, restaurants and stores. The projects will develop advanced building technologies that will help American consumers and businesses save money on their utility bills, reduce greenhouse gas emissions, and ...

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Singapore Unveils Climate Change Combat Plans
Singapore Unveils Climate Change Combat Plans

Monday 11th July 2016

SINGAPORE has unveiled its latest plan to tackle climate change and meet its targets under the Paris climate change agreement. Taking measures including a new heat stress information system to help the public better plan outdoor activities, which could be similar to current health advisories for haze, will be ready by ...

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Loan for Energy Efficiency Improvements in Ukraine
Loan for Energy Efficiency Improvements in Ukraine

Friday 8th July 2016

THE European Bank for Reconstruction and Development (EBRD) is pledging more resources to improve the competitiveness and energy efficiency of Ukraine’s agribusiness corporates. With a major loan of up to $20 million, the Bank will be supporting energy efficiency and environmental improvements to two major sugar plants owned by the Astarta ...

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BRICS Look to Green Energy and Improved Energy Efficiency
BRICS Look to Green Energy and Improved Energy Efficiency

Tuesday 5th July 2016

THE BRICS nations (Brazil, Russia, India, China and South Africa) have committed to promote clean energy and improve energy efficiency through cooperating with one another. The resolution was made at the conclusion of a two-day international conference of the BRICS working group on energy efficiency in India. Delegates from all member ...

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Financing for Turkish Renewable Energy Projects
Financing for Turkish Renewable Energy Projects

Friday 1st July 2016

IN response to growing demand, the European Bank for Reconstruction and Development (EBRD) is providing $110 million Turkey’s Akbank to finance private companies investing in renewable energy. It is part of the EBRD strategy to help Turkey meet growing demand for electricity and diversify away from expensive imported fuel, while addressing ...

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