News
News
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$40m loan for energy efficient railways in Kazakhstan
$40m loan for energy efficient railways in Kazakhstan Posted on 29 December 2013 by Priyanka Shrestha A London-based bank is supporting Kazakhstan’s drive to improve energy efficiency across its railways with a $40 million (£24m) loan. The cash will help national railway company Kazakhstan Temir Zholy (KTZ) (pictured) finance new technologies to cut energy usage. […]
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Thousands of warm homes for Scots this winter
Thousands of warm homes for Scots this winter Posted on 30 December 2013 by Priyanka Shrestha Thousands of householders in Scotland are set to have a warm winter with the help of the Scottish Government’s home energy helpline. Around 3,375 households have been referred for insulation and heating packages through the Home Energy Scotland hotline […]
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Japan to buy stake in UK offshore wind project
Japan to buy stake in UK offshore wind project Posted on 27 December 2013 by Priyanka Shrestha Japan’s state-owned Development Bank of Japan (DBJ) is set to buy a stake in a 172MW offshore wind project (pictured) in England. The Bank said it has entered into an agreement with Marubeni Corporation to buy half – […]
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India offers to help Nepal develop renewable energy
India offers to help Nepal develop renewable energy Posted on 27 December 2013 by Priyanka Shrestha The Indian Government said it is willing to invest in Nepal’s potential hydropower sector and help the nation in developing its renewable energy resources. Minister for New and Renewable Energy Farooq Abdullah suggested Nepal had great potential for enhancing […]
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EU bank gives €1.3bn for Italy’s energy security
EU bank gives €1.3bn for Italy’s energy security Posted on 27 December 2013 by Priyanka Shrestha The European Investment Bank (EIB) has approved a €1.3 billion (£1.08bn) loan to help support the security of gas supply in Italy. The cash will help Italian oil and gas firm Eni’s 26 offshore projects, which include maintaining and […]
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Scotland’s solar industry hits 100MW milestone
Scotland’s solar industry hits 100MW milestone Posted on 28 December 2013 by Priyanka Shrestha Scotland has installed more than 100MW of solar capacity, according to new statistics. Figures from energy regulator Ofgem showed Scotland has 106MW of solar PV, a 36% rise since this time last year. It also revealed more than 28,000 households, 465 […]
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Indian state gets $350m for power project
Indian state gets $350m for power project Posted on 26 December 2013 by Priyanka Shrestha The Indian state of Madhya Pradesh has been granted a $350 million (£213.8m) loan to upgrade its power networks and help meet the increasing demand for energy. The state is expected to see demand for electricity rise by around 11% […]
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€50m loan for Turkish businesses to become efficient
€50m loan for Turkish businesses to become efficient Posted on 26 December 2013 by Priyanka Shrestha A London-based bank is providing a loan worth €50 million (£41.8m) to help businesses in Turkey become more energy efficient. The cash from the European Bank for Reconstruction and Development (EBRD) will also help firms invest in mid-sized renewable […]
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Energy efficiency standards for TV boxes to save $1bn
Energy efficiency standards for TV boxes to save $1bn Posted on 24 December 2013 by Priyanka Shrestha Consumers could save more than $1 billion (£0.6bn) on energy bills every year as a result of the new efficiency standards for pay-TV box sets. The US Department of Energy along with a group of organisations have announced […]
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$210m fund to jump start New York’s ‘green’ bank
$210m fund to jump start New York’s ‘green’ bank Posted on 25 December 2013 by Priyanka Shrestha New York’s first bank aimed at boosting clean energy projects is set to launch early next year after an initial $210 million (£128.4m) of funding was unveiled. Called the NY Green Bank, it is expected to capitalise with […]
Quotes
The cheapest kWh of energy is the one you don't use Delvin Lane, Head of Energy 360, British Gas