Stirling Council to cut streetlamp energy consumption by 63% with £10m LED lighting loan


signpost_720x535_energyefficiencyStirling Council is swapping 12,000 sodium lightbulbs for LEDs over the next four years in a move it predicts will cut energy consumption by 67%.

The council has borrowed £9.87m from the Green Investment Bank for the refit and is the third council in the UK to take out a GIB Green Loan following Glasgow and Southend on Sea.

The loan works in the same way as an energy performance contract, where it is repaid from energy bill savings.

While a lack of standardisation in energy efficiency projects has been cited as a barrier to investment, the GIB says it and legal adviser Shepherd and Wedderburn have standardised the process, helping to bring down transaction costs.

Read more about financing energy efficiency in our free report. It contains interviews with the Green Investment Bank, as well as other green infrastructure funds, the views of Energyst readers on energy efficiency finance, plus interviews with energy managers on the barriers to getting projects signed off at board level. Download it here.

Related articles:

Free report: Financing energy efficiency

Green Investment Bank: energy managers must build better business cases

Energy finance ‘too complicated and too expensive’?

Esos firing blanks on board level buy-in to energy efficiency

Standardisation the key to growing energy efficiency money markets

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  1. I would like to ask why nearly every council in the United Kingdom and overseas too all more or less at the same time carried out the exact same lighting upgrades for the exact same nonsensical reasons.

    Google “LED lighting council”


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