London Borough of Westminster – LED Lighting- MEEF
Projects
London Borough of Westminster – LED Lighting
Energy
Energy Efficiency
MEEF provided debt to Westminster Council to part finance an LED streetlighting roll out and gas lamp replacement.
Sector
Energy
Energy Efficiency
Location
London, England
Status
Operational
Funding type
Debt - £2.4m
financial close
October 2023
Term length
14 year loan
About
MEEF provided long-dated debt finance to the London Borough of Westminster to part fund its LEP streetlighting roll out.
Whilst contributing to MEEF’s carbon and energy savings targets the project will also benefit local residents by creating better lit streets and a safer environment.
Key impacts and benefits
Annual CO2 reduction
0 tonnes
Energy savings reduction
0.0 %
Sustainable Development Goals (SDGs)
2030 Agenda for Sustainable Development adopted by UN Member States in 2015
SDGs supported:
Outcomes
- The Project supports economic activity by becoming more carbon efficient, and contributes towards London’s Climate Action Plan, reducing greenhouse gases.
- Forecasts predict that the investment will save 360 tonnes of CO2 being released into the atmosphere per annum.
- The Project also has an energy savings reduction of 72% and has broader benefits to the local community of Westminster.
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