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$62.7M Finance for Jamaican Wind Farm

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Story Released 4:37am 27/01 $62.7M Finance for Jamaican Wind Farm

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$62.7M Finance for Jamaican Wind Farm
$62.7M Finance for Jamaican Wind Farm

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 ...

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$48M Clean Energy Initiative for the U.S.
$48M Clean Energy Initiative for the U.S.

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 ...

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Invisible Energy and Energy Efficiency
Invisible Energy and Energy Efficiency

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 ...

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University Saves Big Through Energy Efficiency Measures
University Saves Big Through Energy Efficiency Measures

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 ...

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IFC to Finance Renewable Energy Sources in Pakistan
IFC to Finance Renewable Energy Sources in Pakistan

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 ...

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World Bank Provides $31M for Kosovo Energy Efficiency and Renewablea
World Bank Provides $31M for Kosovo Energy Efficiency and Renewablea

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, ...

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$100M for Brazilian Wind Power
$100M for Brazilian Wind Power

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 ...

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A Solar System Installed in the U.S. Every 2.5 Minutes
A Solar System Installed in the U.S. Every 2.5 Minutes

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 ...

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Michigan gets Agricultural Energy Efficiency Incentives
Michigan gets Agricultural Energy Efficiency Incentives

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 ...

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Wind Energy Saves Consumers $1Billion in Two Days
Wind Energy Saves Consumers $1Billion in Two Days

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 ...

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Renewable Funding for Bosnia and Herzegovina
Renewable Funding for Bosnia and Herzegovina

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 ...

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More New Energy Efficiency Standards for U.S.
More New Energy Efficiency Standards for U.S.

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 ...

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Finance for Kyrgyz Energy Efficiency Upgrades
Finance for Kyrgyz Energy Efficiency Upgrades

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 ...

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Algeria to Increase Energy Efficiency and Renewables
Algeria to Increase Energy Efficiency and Renewables

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 ...

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Chile Acts to Cut Energy Waste and Boost Hydro Power
Chile Acts to Cut Energy Waste and Boost Hydro Power

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 ...

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Funding for Nepalese Hydropower
Funding for Nepalese Hydropower

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 ...

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South East Europe Energy Efficiency Funding
South East Europe Energy Efficiency Funding

Monday 22nd December 2014

THE European Bank for Reconstruction and Development (EBRD) is boosting the Green for Growth Fund (GGF) with €25 million, promoting renewable energy and energy efficiency projects. The funding is targeted at south-eastern Europe and the European Neighbourhood region including Armenia, Azerbaijan, Georgia, Moldova and Ukraine.   GGF provides funds to local financial institutions ...

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Funding for Central America's Largest Wind Farm
Funding for Central America's Largest Wind Farm

Wednesday 17th December 2014

THE IFC (International Finance Corporation) has completed a $300 million financing package for constructing of Phase II and III of the largest wind farm in Central America. Once operational, the Penonome wind power plant with 86 wind turbines and an installed capacity of 215 MW is expected to generate 448 ...

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Call for West Virginia Leadership on Energy Efficiency Polcies
Call for West Virginia Leadership on Energy Efficiency Polcies

Tuesday 16th December 2014

SIERRA Club volunteers and supporters delivered a petition to West Virginia Governor Earl Tomblin calling on him to position West Virginia as a leader in energy efficiency policies. The Sierra Club state that cost saving energy efficiency policies have the potential to create more than 19,000 jobs and save more ...

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Funding for Advances in Egyptian Energy Efficiency
Funding for Advances in Egyptian Energy Efficiency

Monday 15th December 2014

THE European Bank of Reconstruction and Development (EBRD) is partnering with the National Bank of Egypt (NBE) offering a $30 million Energy Efficiency facility. The pilot energy efficiency programme will provide finance for private-sector investments in energy efficiency and renewable energy projects. Projects financed under the framework will contribute to ...

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World Record in Solar Energy Efficiency
World Record in Solar Energy Efficiency

Tuesday 9th December 2014

THE University of New South Wales Australia (UNSW) solar researchers have converted over 40% of the sunlight hitting a solar system into electricity, the highest efficiency ever reported. The world-beating efficiency was achieved in outdoor tests in Sydney, before being independently confirmed by the National Renewable Energy Laboratory (NREL) at their ...

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EU Commended for Energy Efforts
EU Commended for Energy Efforts

Friday 5th December 2014

THE European Union (EU) has made progress in liberalising energy markets, and its global leadership on climate change is to be commended, according to the International Energy Agency (IEA). In the report, Energy Policies of IEA Countries: European Union – 2014, the IEA praised the EU for reducing its carbon intensity ...

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Finance for Kazakhstan's First Wind Farm
Finance for Kazakhstan's First Wind Farm

Tuesday 2nd December 2014

IN a landmark project for Kazakhstan’s renewables industry, the European Bank for Reconstruction and Development (EBRD) is supporting the first large-scale wind farm in the country to be financed under the new feed-in-tariff mechanism. The EBRD and the Clean Technology Fund (CTF) will finance the construction, connection to the power transmission ...

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Jamaica Urged to Continue Energy Efficiency Efforts
Jamaica Urged to Continue Energy Efficiency Efforts

Wednesday 26th November 2014

THE Petroleum Corporation of Jamaica (PCJ) is calling on Jamaicans to use energy wisely and efficiently despite the price of oil continuing to fall. Speaking at a Jamaica Information Service (JIS) ‘Think Tank’, Group General Manager of PCJ, Winston Watson, reiterated the need for persons to still conserve energy. “What we are ...

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Funding for Poland's Renewable Energy
Funding for Poland's Renewable Energy

Monday 24th November 2014

THE European Bank for Research and Development (EBRD) is support for the development of Poland's renewable energy resource with a series of measures aimed at increasing private sector investment. The Board of Directors of EBRD has approved an Integrated Approach to Polish Renewables which combines investments with policy dialogue that promote reforms ...

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