Siemens Financial Services UK will provide the financial backing and manage the provision of funding, whilst Carbon Trust Implementation Services Limited – a subsidiary of the Carbon Trust – will assess the energy efficiency of the proposed project.
Lighting businesses can now apply for green finance from the Carbon Trust and Siemens. Worth up to £550 million over the next three years, the dedicated low carbon scheme is the first of its kind and will enable UK businesses to invest in energy efficiency equipment including lamps, luminaires and controls.
Energy consumption from public lighting in the UK fell by 56 gigawatt hours between 2010 and 2011.
Debt-ridden decorative lighting brand Fontana Arte has been bought by Italian home automation maker Nice for £2 million.