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

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.

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