Glasgow receives funds for LED street lights upgrade

LED street lights are set to be deployed in Glasgow after funding was provided by the Green Investment Bank.

Glasgow will become the latest UK city to replace sodium street lights with LED equivalents, it has been reported.

According to the Guardian, Scotland’s second city is to roll out energy-efficient LED street lights, a move it says will save millions of pounds.

Funding for the upgrade initiative is coming from the Green Investment Bank. Glasgow City Council will pay the bank back over time as it benefits from LED savings.

The lights use significantly less energy than the existing street lamps, meaning a strong return on investment can be expected in the mid to long-term.

Shaun Kingbury, chief executive of the Green Investment Bank, said Glasgow is “a great place” for it to invest.

He even suggested that all of the UK’s street lighting could be upgraded by the end of the decade.

There is the potential for hundreds of millions of pounds in energy savings, Mr Kingbury added – with “massive reductions” in carbon dioxide emissions another benefit.

“There are over seven million street lights in the UK, and many of them are over 40 years old and past their best,” Mr Kingbury added.

“They need a helping hand and we want to offer everyone a programme [for replacement]. I have an ambition that by 2020 all street lighting should be energy-efficient LEDs.”

According to the Guardian, the UK spends approximately £300 million per year lighting public areas.

It says at least 80 per cent of this expenditure could be eliminated by switching to more energy efficient solutions, such as LED lamps.

picture by _gee_

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