World Bank announces $300m energy efficiency funding for India

25/05/2018 08:41 Energy


The World Bank has announced it has approved $300 million (£225m) of funding to help scale up India’s national energy efficiency programme.

The Energy Efficiency Services Limited (EESL) organisation will use the money to drive the deployment of energy saving measures in both the residential and public sectors and enhance access to commercial financing.


It hopes improving efficiency and cutting consumption will help the country hit its goal of reducing carbon intensity by up to 35% by 2030 from 2005 levels.

The investments under the programme are expected to avoid 170 million tons of carbon dioxide being emitted and stop an estimated 10GW of additional generation capacity needing to be built.


The money will be used to create sustainable markets for LED lights and energy efficient ceiling fans, facilitate investments in public street lighting and develop sustainable business models for emerging markets such as efficient air conditioning and agricultural water pumping units.


Average prices rise in French large-scale solar tender, 452 MWp awarded

22/02/2021 08:38:00

The French government has allocated 452 MWp of capacity in its latest tender for utility-scale solar projects in which the average price rose by 4.7% from the previous call.


Israel to link Leviathan gas field to Egypt LNG plants

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The Israeli and Egyptian energy ministers have agreed to build a pipeline to connect Israel’s offshore Leviathan natural gas field to liquefied natural gas (LNG) terminals in northern Egypt, the Israeli minister said on Sunday.


Texas Storm Shut In As Much As 4 Million Bpd Of U.S. Oil Production

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The severe winter storm that swept through the United States this week likely shut in between 2 million barrels per day (bpd) and 4 million bpd of the total U.S. crude oil production, IHS Markit said in an analysis.