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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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Report Highlights Need to Focus on Energy Efficiency and Renewables
Report Highlights Need to Focus on Energy Efficiency and Renewables

Wednesday 5th February 2014

ACCORDING to a new report, investment in energy efficiency and renewable energy measures will be critical in helping businesses cope with future energy price increases. The report, Lorien Energy Index (LEI), reveals that energy prices fell by 1% in the third quarter of 2013 but with an overall increase of 8% ...

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Energy Efficiency Funding for Ukraine's Businesses
Energy Efficiency Funding for Ukraine's Businesses

Tuesday 4th February 2014

THE European Bank for Reconstruction and Development (EBRD) extends its efforts to develop sustainable energy sources and to promote energy efficiency in Ukraine, with a new $100 million financing programme. The EBRD’s Sustainable Energy Financing Framework aims to inject new skills into the energy sector in Ukraine, backed by project financing ...

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Big Business Miss Energy Saving Opportunities
Big Business Miss Energy Saving Opportunities

Friday 31st January 2014

2degrees have released their Sustainable Business Trends Tracker report which highlights that some of the world’s biggest corporations are missing the chance to save energy and money. 2degrees, a leading community for sustainable business, revealed that businesses have missed opportunities to cut energy costs through failures to implement energy saving measures. ...

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Energy Efficiency Loan for UK SMEs
Energy Efficiency Loan for UK SMEs

Tuesday 28th January 2014

THE Royal Bank of Scotland is offering UK small businesses energy efficiency loans from a new fund along with advice to help firms cut their energy bills. The scheme, launched yesterday, is accessible to any small to medium size UK enterprise that completes an energy audit. The loan will cover upfront ...

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U.S. Mayors Plan to Improve City Energy Efficiency
U.S. Mayors Plan to Improve City Energy Efficiency

Friday 24th January 2014

DESPITE budget constraints, U.S. Mayors expect to significantly expand their investment in energy efficiency technologies over the next five years, according to a new survey of nearly 300 cities. The survey, titled 'Energy Efficiency and Technologies in America's Cities', highlights how cities are deploying new energy technologies to make their city ...

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European Commission Set New Climate and Energy Targets
European Commission Set New Climate and Energy Targets

Thursday 23rd January 2014

OVERNIGHT the European Commission announced the EU blocs latest climate and energy targets. The targets currently in place run through to 2020, these new goals will continue to 2030. A reduction in greenhouse gas (GHG) emissions by 40% below the 1990 level, an EU-wide binding target for renewable energy of at ...

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Building Energy Management Market to Grow
Building Energy Management Market to Grow

Tuesday 21st January 2014

REVENUES for the building energy management solutions market will grow by 19 percent over the next four years according to TechSci Research. TechSci Research, who provide research based consulting solutions, forecast in a report that a double-digit rise will take place due to a combination of progressive government policies and a ...

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Turkey Receive More Energy Efficiency Funding
Turkey Receive More Energy Efficiency Funding

Monday 20th January 2014

THE EBRD’s Turkish Sustainable Energy Financing Facility (TurSEFF) shows how, with the right mix of financing mechanisms, one can achieve substantial changes in energy use, emissions, and fuel mix. Turkey has become one of the key countries for the EBRD’s Sustainable Energy Initiative (SEI) in just a few years, a ...

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BP Predict Big Improvement in Energy Efficiency
BP Predict Big Improvement in Energy Efficiency

Friday 17th January 2014

GLOBAL energy demand continues growing, but it is slowing, mainly driven by emerging economies led by China and India according to the BP Energy Outlook 2035, which was published yesterday. The Outlook sets out BP’s view of the most likely developments in global energy markets, beyond 2030 to 2035, based on ...

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Richest Nations Need to do More to Cut CO2 Emissions
Richest Nations Need to do More to Cut CO2 Emissions

Wednesday 15th January 2014

THE Organization for Economic Co-operation and Development (OECD), who represent the world’s richest nations, report that their members have limited environmental damage, but not enough. Carbon dioxide emissions need to drop over the next 10 years to reduce the threat of global temperatures reaching dangerous levels, but the OECD report, ‘Environment ...

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A Rise in U.S. CO2 Emissions
A Rise in U.S. CO2 Emissions

Tuesday 14th January 2014

U.S. energy related carbon dioxide emissions rose about 2% in 2013 after declining for several years, according to the U.S. Energy Information Administration (EIA). The EIA, the analytical branch of the U.S. Department of Energy, reports that the increase is due primarily because of an increase in coal consumption in power ...

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Gulf State's Renewable Energy Future
Gulf State's Renewable Energy Future

Monday 13th January 2014

THE International Renewable Energy Agency (IRENA) believes that the success of Gulf states in achieving their renewable energy goals could create 116,000 jobs annually in the Middle East until 2030. IRENA pointed out that the Gulf countries have started executing renewable energy projects and setting long-term goals to encourage the ...

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Austrian Energy Efficient Building Initiative
Austrian Energy Efficient Building Initiative

Friday 10th January 2014

AUSTRIA has embarked upon an ambitious programme for improving the energy performance of buildings, which covers both rehabilitation and new construction projects. Comprehensive promotional programmes are being co-financed by the European Investment Bank (EIB) under an EUR 150m framework loan. The contract for an initial EUR 50m tranche was signed today ...

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Call For Improved Renewable Energy Targets for EU
Call For Improved Renewable Energy Targets for EU

Tuesday 7th January 2014

A CALL for a new renewable energy target from eight EU energy ministers has been made to Günther Oettinger, European Commissioner for Energy, and Connie Hedegaard, European Commissioner for Climate. In a letter sent at the end of December the eight ministers tried to count a years resistance to an extension ...

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U.S. Climate Change Battle Plan
U.S. Climate Change Battle Plan

Monday 6th January 2014

THE U.S. Department of State last week submitted the “2014 U.S. Climate Action Report” to the United Nations Framework Convention on Climate Change (UNFCCC). The report details actions the United States is taking domestically and internationally to mitigate, adapt to, and assist others in addressing climate change. The “2014 U.S. Climate Action ...

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Energy Efficiency Funding for Moldovan Businesses
Energy Efficiency Funding for Moldovan Businesses

Friday 3rd January 2014

IN response to high demand for energy efficiency loans in Moldova, the European Bank for Reconstruction and Development (EBRD) is extending a further €7 million to one of the country’s banks for on-lending to private companies. BC Mobiasbanc─â - Groupe Société Générale SA will have the funds available to lend to ...

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Colombia's UNE Wins on Energy Efficiency & Renewables
Colombia's UNE Wins on Energy Efficiency & Renewables

Tuesday 31st December 2013

UNE EPM Telecomunicaciones in Colombia has saved 6.8 million kilowatts of electricity, cutting out about 1,000 tonnes of greenhouse gases. The energy efficiency improvements have been attained through UNE’s Rational Use and Energy Efficient program, which started in 2009. During the past four years the Environmental Management team and Energy Efficiency Technical ...

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Energy Efficiency Finance Available for Turkish Businesses
Energy Efficiency Finance Available for Turkish Businesses

Friday 27th December 2013

The European Bank for Reconstruction and Development (EBRD) is providing support for Turkish businesses to become more energy efficient, through a new €50 million financing package to Turkiye IsBankas─▒ (IsBank). The loan will provide IsBank with long-term financing for sustainable energy investments under the EBRD’s Mid-Size Sustainable Energy Financing Facility. These ...

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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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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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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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