U.K. Green Bank Steers Money Into Low-Energy Lighting Program

(Bloomberg) — U.K. Green Investment Bank Plc and Equitix
Holdings Ltd. are steering 5 million pounds ($8 million) into a
program to install low-energy lighting in buildings to cut
energy waste and slash bills.

The funds will be used by Climate Energy Ltd. to install
efficient lighting in a number of buildings across the U.K.,
starting with a project for GKN Aerospace Services Ltd. at its
facility on the Isle of Wight, the GIB said Monday in an e-mailed statement. The new lighting will help reduce emissions
and cut energy costs for GKN, it said.

“The installation of new efficient and resilient lighting
systems will help companies cut maintenance and running costs
and contribute to reductions in energy consumption and carbon
emissions, delivering cash savings and assisting the transition
to a low carbon economy in the U.K.,” Bill Rogers, managing
director for the Edinburgh-based bank, said in the statement.

Equitix is investing through its Energy Saving Investments
Fund that counts the GIB as an investor.

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Ana Monteiro, Tony Barrett

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us