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Breaking Article - Posted 65 hrs ago
$100M IFC Financing for Sri Lanka's Energy Efficiency & Renewable Projects
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Monday 23rd February 2015
THE International Finance Corporation (IFC), is investing $15 million for a new wind farm in Sindh province as part of its effort to support renewable power generation in Pakistan. IFC’s investment in Gul Ahmed Wind Power, an independent power producer, will help the company build and operate the 50-megawatt facility ...
Tuesday 17th February 2015
TURKEY has taken an important step towards reaching its 2023 renewable energy targets thanks to support from the European Bank for Reconstruction and Development (EBRD). In a move to grow the share of renewables in the country’s energy mix, increase security of energy supply and reduce greenhouse gas emissions, the Turkish ...
Wednesday 11th February 2015
U.S. Agriculture Secretary Tom Vilsack announced yesterday that rural agricultural producers and small business owners can get help to purchase and install renewable energy systems or make energy efficiency improvements. These efforts help farmers, ranchers and other small business owners save money on their energy bills, reduce America's dependence on ...
Tuesday 10th February 2015
THE U.S. Energy Department announced that more than 20 new partners have committed to improving energy efficiency across their respective building portfolios by 20% over the next ten years. These new partners, including the 6 multifamily partners announced by the White House, bring with them fresh perspective and leadership in ...
Thursday 5th February 2015
THE World Bank Group announced the launch of Scaling Solar at the Powering Africa: Summit in Washington DC, aiming to create a viable market for private solar power projects in Africa The gathering saw African ministries, utility companies and the international power community come together to discuss progress and initiatives to increase ...
Wednesday 4th February 2015
THREE major organisations have come together and called for a new approach to urban planning at the “Cities in a Changing Climate” event, recently in London. The European Bank for Reconstruction and Development (EBRD) in partnership with the Centre for Science and Policy and the Cambridge Forum for Sustainability and the ...
Friday 30th January 2015
CLEAN energy investments in India jumped to $7.9bn in 2014, helping the country maintain its position as the 7th largest clean energy investor in the world. The numbers, just released by research firm Bloomberg New Energy Finance, show that the Indian government’s ambitious plan of 24/7 power for all Indians is ...
Thursday 29th January 2015
PROVING the advantage of incentives for renewable energy uptake a recent survey reported that for each $1 invested in solar energy it returned $2.46 to the local economy. In 2014 Solar Washington, an educational non-profit, collected data from solar installers and manufacturers directly involved in the solar industry in Washington State, ...
Wednesday 28th January 2015
A UK Theme Park, Lightwater Valley, is set to save £50,000 ($76,000) through energy saving actions and strategies. Lightwater Valley’s owners, Heritage Great Britain, turned to an energy management consultancy to audit their energy use with the aim of reducing their carbon footprint and energy use. They then took measures to ...
Tuesday 27th January 2015
THE largest private sector renewable energy project in Jamaica has garnered some heavy weight financial backing, delivering $62.7 million to build a wind farm on the island. The International Finance Corporation (IFC), a member of the World Bank Group, with the support of the Government of Canada and along with the ...
Monday 26th January 2015
TWO charitable bodies have combined to fund a $48 million initiative to improve energy efficiency and renewable energy in the U.S. to combat climate change and air pollution. Bloomberg Philanthropies and the Heising-Simons family announced last week the launch of a new Clean Energy Initiative to support U.S. state-based solutions that ...
Thursday 22nd January 2015
A NEW report reckons that although many UK businesses are saving big through energy efficiency and localized energy generation, it is invisible - no one knows what is being saved. The new report by the UK’s Association for Decentralised Energy (ADE), titled ‘Invisible Energy’ reveals that the country's improved energy efficiency ...
Wednesday 21st January 2015
THE energy efficiency measures at the University of Hawaii Manoa are paying off. The campus has saved more than 9% of energy costs, and $3.4 million last year alone. The savings were achieved through strategic air conditioning, lighting and building control retrofitting projects. A huge accomplishment, considering Mānoa has added ...
Tuesday 20th January 2015
THE International Finance Corporation’s (IFC) investments in Pakistan will boost the private sector and support to tap new energy sources to ease power shortages, Jin-Yong Cai, CEO of IFC. Cai met Pakistani government leaders in Islamabad yesterday, including Prime Minister Nawaz Sharif and Finance Minister Mohammad Ishaq Dar. He said ...
Friday 16th January 2015
THE World Bank is providing $31 million of finance for energy efficiency and renewable energy projects in Kosovo. Kosovo’s Minister of Finance, Avdullah Hoti, and the World Bank’s Country Director and Regional Coordinator for Southeastern Europe, Ellen Goldstein, yesterday both signed agreements for the Kosovo Energy Efficiency and Renewable Energy Project, ...
Thursday 15th January 2015
THE International Finance Corporation (IFC) released BRL 260 million ($100 million) in financing from Itaú Unibanco, a major Brazilian bank, to meet growing demand for renewable energy in Brazil. Arranged by IFC, Itaú’s loan is part of an IFC financing package to support a plan to build over 260 MW ...
Wednesday 14th January 2015
ACCORDING to new data from GTM Research, the U.S. solar industry completed a staggering project every two and a half minutes in 2014. According to the research the growth was led by the residential sector, where 200,000 systems were affixed to rooftops around the U.S. That's up from 50,000 residential ...
Tuesday 13th January 2015
MICHIGAN utility company DTE Energy announced yesterday the addition of new agricultural energy-efficiency incentives under its Commercial Energy-Efficiency Incentive Program. With the addition of 20 new measures, members of Michigan's agricultural community can apply for cash incentives that will help pay for equipment upgrades and lower their monthly operating expenses. These ...
Friday 9th January 2015
WHEN extreme cold has hit the U.S. recently wind energy has set record-high outputs, saving consumers $1 billion in just two days when extreme cold hit the U one year ago. The figures were released this week by the American Wind Energy Association (AWEA), whose CEA Tom Kiernan stated: “This new ...
Tuesday 6th January 2015
THE European Bank for Reconstruction and Development (EBRD) is supporting the construction of a new biomass boiler plant in Prijedor, a municipality in the north west of Bosnia and Herzegovina, with a sovereign loan of up to €7 million. The funding, the first EBRD investment in renewable energy in the Balkan ...
Friday 2nd January 2015
IN support of President Obama’s Climate Action Plan, the U.S. Energy Department announced two new energy efficiency standards for general service fluorescent lamps (GSFLs) and automatic commercial ice makers (ACIMs). These are the ninth and tenth standards to be finalized over the last 12 months. Altogether, the ten standards finalized will ...
Tuesday 30th December 2014
THE European Bank of research and Development (EBRD) has provided funding to Kyrgyzstan through Kyrgyz Investment and Credit Bank (KICB), to increase financing for energy efficiency projects. KICB will receive a loan of $ 2 million. The funds will be used for on-lending to businesses and households wishing to make energy ...
Monday 29th December 2014
THE Algerian Ministry of Energy is to submit an energy efficiency program to the government within the next few weeks according to allAfrica.com. Minister of Energy Youcef Yousfi revealed his ministry’s intention at a press conference held during a visit to a pilot for shale gas wells in Salah (Tamanrasset). He ...
Wednesday 24th December 2014
14 PUBLIC hospitals in Chile are to be the target for energy saving actions in 2015, all part of a broad energy efficiency drive for the South American state. The Chilean Energy Ministry have also asked for tenders for the installation of LED street lighting across 40 towns and cities, with ...
Tuesday 23rd December 2014
INTERNATIONAL Finance Corporation (IFC) has partnered with India’s GMR Group to develop the 900 MW Upper Karnali hydropower plant, and two transmission line projects in Nepal. The transmission projects will evacuate power from the Upper Karnali and 600 MW Upper Marsyangdi Hydropower projects in Nepal. IFC InfraVentures, a global infrastructure project ...