The UK Green Investment Bank and Equitix will invest £5m (US$7.9 million) towards a programme to install low-energy lighting in buildings.
The Equitix-managed fund Energy Saving Investments (ESI), in which GIB is a cornerstone investor, is investing £2.5m in the project. This will mobilise an additional £2.5m of additional private sector capital from the Equitix Energy Efficiency Fund.
The developer, Climate Energy has a robust pipeline of opportunities and is developing the first energy efficient LED lighting project at global aviation supplier GKN Aerospace’s Falcon Yard facility on the Isle of Wight. It will then look to deliver a number of other schemes across other sectors in other UK locations.
The GKN scheme will offer minimal disruption during installation and deliver longer life improved lighting whilst helping GKN reduce carbon emissions and energy costs. The lighting will be installed by SSE Contracting, owned by Equitix ESI (Lighting) Ltd. and managed by Climate Energy. It will be leased by GKN, relieving it of the financial and maintenance costs associated with the installation, operation and upkeep of the systems.
The new lighting will be specially selected to optimise the light levels required for the work carried out on each particular site.