106 results found
In line with the global focus on climate change and greenhouse gasses, Canada has committed to a Net Zero Target by 2050. The Quebec Government has developed the 2030 Plan for a Green Economy aiming at reducing greenhouse gas (GHG) emissions by 37.5% below 1990 levels by 2030
IFC worked with Timor-Leste’s new PPP Unit to deliver a transparent tender process that attracted globally reputable port operators. The key bid variable was the Viability Gap Financing subsidy required by each bidder after a very strict technical pre-qualification
IFC in close collaboration with the WB, MIGA and in consultation with key market and industry players, has worked on the development and design of the Scaling Mini-Grid (SMG) platform: a set of semi-standardised project preparation requirements, templates, risk mitigation instruments, and stapled financing
The Solomon Islands National Development Strategy 2016–2035 called for greater use of renewable energy generation in the medium term, to service both urban and rural demand. It also called for opening the market to independent power providers.
Belo Horizonte faced a shortage of school buildings and only had the resources to meet approximately 35% of demand. A bundling public-private partnership (PPP) approach was used to finance, build, and equip new schools, with non-academic services operated under a PPP with a 20-year concession period.
Ohio State University's energy efficiency program aimed to modernise the 490-building campus. OSU entered into a concession agreement with Ohio State Energy Partners (OSEP), which provided a USD1.165 billion up-front lease payment to handle the university’s energy management and a network expansion over a 50-year concession period.
India's infrastructure needed substantial investment to fulfill the demands of the growing economy. The Indian government introduced various initiatives to demonstrate domestic confidence to foreign investors, including Infrastructure Investment Trusts (InvITs) as an avenue for infrastructure developers to divest operational projects and reduce their leverage.
The Kidston Pumped Storage Hydro project is the first pumped hydro energy storage scheme globally to be developed in an abandoned gold mine. The giant battery located in Kidston, Far-North Queensland will pump water uphill when energy is abundant during off peak periods and releasing it to create power in times of peak demand. The Kidston project is supported by NAIF’s 15-year concessional loan of AUD610m (USD475 million) - debt finance. Genex will provide AUD120 million (USD93 million), including AUD25 million (USD19.5 million) investment by J-Power -equity finance.
The 300MV Victorian Big Battery is currently to be Australia’s largest lithium-ion battery which assists in providing critical grid support services, reducing wholesale power costs for consumers and assisting in the transition to renewable energy in Victoria, Australia. It utilises the System Integrity Protection Scheme (SIPS) which increases import capacity to Victoria by up to 250 MW, reducing the likelihood of unserved energy (USE) from high impact, low probability (HILP) events during summer periods.
Due to rising energy prices, the Dutch Government has placed emphasis on meeting national energy performance objectives through the reduction of fossil fuel consumption. The Dutch Government is seeking innovative solutions to deliver more energy and cost-efficient buildings, as well as achieving Net Zero Energy buildings by 2020. The retrofits include installation of rooftop solar panels and other insulation technologies.
Euro Property Assessed Clean Energy (EuroPACE) is a scalable on-tax financing model to support the deployment of energy saving and generation technologies to European households and the EU’s clean energy transition. The scheme is inspired by the successful US PACE scheme that was introduced in 2008, which resulted in over USD4.7 billion in funded projects, over 200,000 homes over the past four years. Private capital is deployed as upfront financing to homeowners which is repaid through an additional special “assessment” payment on its property tax bill for a specified term.
ChargePoint as a Service installs electric vehicle (EV) chargers for no upfront cost in return for a fixed term subscription CPaaS reduces overhead costs and offer predictable operational expenses CPaaS also proactively monitors stations to identify and fix technical issues remotely and enables businesses to track performance and utilization. Georgia Power (a utilities company in Georgia) and Pivet Atlanta, an automotive company has partnered with ChargePoint to install EV chargers in a major travel corridor.
Cambrian Innovation developed the WEPA to enable food and beverage manufacturers across the United States to implement their solutions to remove wastewater costs, reduce environmental impact, and alleviate capped production at no upfront cost or operational risk. Wineries in Nappa Valley, including Rombauer Vineyards, produced high-strength wastewater (diluted wine) through standard rinsing and cleaning processes putting pressure on traditional municipal treatment plants. In 2018, Rombauer Vineyards was the first replaced existing ineffective treatment system with an EcoVolt Solution from Cambrian Innovation.
Volta, a San-Francisco based EV charging company, partners with retailers, shopping malls, grocery chains, and others to place Volta’s chargers in prime parking spots in front of their businesses. The charging stations will also come with two billboard-sized screens for displaying advertising. An initial 15 minutes of charging is free to customers. California State Government supports the deployment of zero-emissions vehicles and fill gaps in the state’s EV infrastructure.
The City of Paris has used Energy Performance Contracts (EPCs) to refurbish 240 schools in two phases, with a third phase now underway. The refurbishments, tailored to each school, include window renovations and the installation of LED lighting, sensors, insulation and new boiler systems.
The Indonesian Government aims to expand its geothermal energy sector to reduce greenhouse gas emissions. The Green Climate Fund (GCF) and Clean Technology Fund (CTF) are offering USD127.5m in financing, consisting of a senior concessional loan for public sector projects, a reimbursable grant for private sector projects, and a grant for technical assistance. World Bank will also provide USD100 million loan to scale up investments in geothermal energy in Indonesia.
In the Netherlands, the regulatory requirement is that the surface layer of asphalt roads have a whole-of-life span of six years. Currently, 60% of rubble from broke-up old roads can be reused in the construction of new roads, however increasing that percentage of reuse is mostly improbable due to stability and safety concerns. Dura Vermeer, a Dutch construction, infrastructure, and engineering business, has developed the technology to create top layer asphalt which can last up to 15 years (twice as long as current asphalt roads), but costs 10% more than regular asphalt roads.