Tag Archive for 'KfW'

KfW Funding of Energy-efficient Construction and Renovation of Non-Residential Buildings Starts in July 2015

Germany wants to reach an almost climate-neutral building stock by 2050. To promote not only the energy-efficiency of residential buildings, but also of commercial and municipal buildings, the state-owned promotional bank KfW will increase support for energy-efficient renovations of commercial and municipal buildings and the construction of new energy-efficient non-residential buildings.

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KfW: Fewer Financing of PV Projects, Increasing Commitments for Offshore and Considerable Demand for Energy Efficiency Loans

The latest information published by the state-owned KfW development bank for the first half of 2013 shows a considerable decline in the financing of PV projects. Commitments for offshore wind farm projects picked up after the standstill of last year, and demand for loans for energy efficiency measures increased markedly.

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Two New Studies on Costs, Benefits and Results of Energy-Efficient Renovations

Two new studies by the state-owned development bank KfW and by the German Energy Agency (dena) provided new information on the costs, benefits and results of energy efficient renovations. They show that while the envisaged energy savings are almost always met (dena study), investment costs are high and are not always offset by the energy savings (KfW study). Especially the KfW study received a lot of media coverage over the Easter holidays.

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FAZ: Criticism from Energy Sector Concerning New Support Programme for Solar Storage Systems

There was criticism from the energy sector concerning a new support programme for solar storage systems that is supposed to be launched in March, the newspaper Frankfurter Allgemeine Zeitung writes. FAZ quotes inter alia the heads of the the Federal Association of the Energy and Water Industry (BDEW) and the German Energy Agency (dena). In a separate interview with the newspaper, dena’s Stephan Kohler criticised (again) that grid expansion did not keep pace with the rapid renewables growth leading to high avoidable costs.

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Rösler: State Engagement for Offshore Grid Means of Last Resort

Yesterday Economics Minster Philipp Rösler met with representatives of the German coastal states and representatives of the transmission system operators (TSOs) to discuss ways to accelerate the connection of offshore wind farms to the grid. He acknowledged the high investment costs and did not exclude further state engagement (staatliches Engagement), but said this could only be a means of last resort. Primarily grid expansion was the responsibility of the TSOs, he said.

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Statnett, Tennet and KfW Reach Agreement to Build Electricity Interconnector Between Germany and Norway

Statnett, the Norwegian Transmission System Operator (TSO), the German TSO Tennet and the state-owned German KfW Development Bank (KfW) have agreed to team up as equity partners in a project set up to develop and construct a subsea interconnector between Germany and Norway, with Statnett holding 50 %, KfW at least 25 % and the remaining interest held by Tennet, Statnett announced. Tennet said an agreement was being drafted and should be signed in September 2012. The company confirmed the involvement of KfW in the project it estimated to cost between EUR 1 billion to EUR 1.5 billion, but did not further specify the financial commitments of the partners. Tennet also said a second interconnector was planned at a later stage.

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BMVBS and KfW Start New Support Programme for Energy-Efficient Renovation of City Districts

The Federal Ministry of Transport, Building and Urban Development (BMVBS) and the state-owned KfW Development Bank (KfW) have launched a new support programme “Energy Efficient Renovation of Cities – Energy Efficient Supply of Districts” (Energetische Stadtsanierung – Energieeffiziente Quartiersversorgung) to promote energy efficiency in the municipal sector.

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KfW Grants EUR 250 Million Loan for Largest Solar Power Plant in India

To exploit of the favourable climate conditions and meet the challenge of power deficits and rising carbon emissions in India, Germany’s the state-owned KfW Development Bank (KfW) signed a loan agreement worth EUR 250 million for the construction of the world’s largest solar power plant in the Indian state of Maharashtra on Wednesday.

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BMU and KfW Launch EUR 5 Billion Offshore Wind Programme

The Federal Ministry for the Environment (BMU) and the state-owned KfW Development Bank (KfW) officially launched the Offshore Wind Power Programme under which KfW grants loans for offshore wind power projects.  The funding scheme is part of the  10-Point Immediate Action Programme to last year’s German Energy Concept. The total credit volume amounts to EUR 5 billion.

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BMWi/KfW SME Energy Efficiency Programme With Positive Effects

A study commissioned by the Federal Ministry of Economics and Technology (BMWi) confirmed that the joint support programme “Energy Efficiency for SME”, which BMWi jointly offers with the state-owned KfW development bank, shows positive effects.

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