Stirling turns to Green Investment Bank for 16,000 LEDs

Stirling Council looks set to reduce energy consumption in the city by 63% after securing a loan from the UK Green Investment Bank (GIB), which will see LEDs retrofitted in 12,000 lamps and 4,000 lamposts. GIB has revealed that it has provided a £9.87m Green Loan to help with the retrofitting process, a move which the council expects will save them £31m over the next 30 years. On top of the financial savings, the council is also expecting to reduce emissions by more than 14,000 tonnes over the course of the four-year project.