Welsh Government invests over £12 million to help local authorities become energy efficient and reduce carbon emissions
The Welsh Government has approved over £12 million of investment funding as part of an initiative to help Local Authorities become more energy efficient, reduce carbon emissions and save money.
Flintshire Council will receive £3.13 million to upgrade 11,000 street lights to LED equivalents, saving the local authority approximately £391,305 and 1,387 tCO2e annually. This change will also improve lighting levels and reduce the number of faults occurring on the network each year, cutting down maintenance costs as a result.
Monmouthshire Council will also receive £4.5million funding through the Welsh Government’s Invest to Save Green Growth Fund, allowing it to run its own solar park on council owned land. The Oak Grove Solar Farm in Monmouthshire has the potential to generate enough electricity to power around 1,400 homes. It will also save over 2,000 tonnes of CO2.
In addition, Cardiff City Council has received a loan of £4.8million for an ambitious street lighting programme, which is estimated to save the council 2,892 tCO2 and £727,343 annually.
The funding has been delivered by both the Salix Finance and Invest to Save – Green Growth finance vehicles and has also supported schools and universities across Wales, with the aim of improving energy efficiency and saving money.
The approved funding brings the total investment by the Welsh Government through its Green Growth Wales initiative over the past year to £14million. Incomes and savings generated by the Local Authorities from the projects will be used to repay the investment, support local community projects and leave the council with a net income.
The Cabinet Secretary for Environment and Rural Affairs, Lesley Griffiths said:
“Through our Green Growth Wales initiative, we are supporting the development of public sector energy efficiency and renewable energy projects. I am delighted we have been able to support these ambitious projects, which will save significant money for the future. These projects have huge potential and all public bodies should be developing green growth projects like this to deliver decarbonisation in Wales.”
Follow us on Twitter @SalixFinance #SalixFunded