Energy efficiency
Announcements prior to September 2017, including this announcement, occurred under previous ownership.
31 March 2016
NCP has installed LEDs at a further 110 car parks in a second phase of lighting upgrades
Phase one of the project saw NCP install LED fittings in 149 multi-storey car parks across the UK
The two phases of the project combined cut NCP’s energy use per site by an average of 70%
The two phases in total will cut greenhouse gas emissions by an average of over 12,000 tonnes each year and save £34m
UK Green Investment Bank plc (GIB), Future Energy Solutions (FES) and fund manager Sustainable Development Capital Limited (SCDL) are backing the second phase of a lighting project for National Car Parks (NCP).
Around 7,500 light-emitting diode (LED) fittings have been installed in approximately 110 multi-storey car parks, surface car parks and roof decks, delivering lighting, financial and environmental benefits.
Phase one of the project involved retro-fitting 149 multi-storey car parks with LED fittings during 2014.
Over the lifetime of both phases of the project, NCP expects to save around £34m. However, as well as saving money, the company will also reduce its impact on the environment, cutting its carbon dioxide equivalent (CO2e) emissions by an average of over 12,000 tonnes per year.
In a similar funding arrangement to phase one of the project, Future Energy Solutions (FES) has provided funding alongside GIB through the SDCL-managed UK Energy Efficiency Investments Fund.
Edward Northam
Head of Investment Banking, GIB
Jo Cooper
Chief Executive Officer, NCP
Marcus Brodin
Commercial Director, FES
Jonathan Maxwell
Chief Executive, SDCL
Total GIB share of investment: £0.3m (via SDCL-managed UK Energy Efficiency Investments Fund, which consists of UK Energy Efficiency Investments 1 and matched funding from private sector co-investors via a parallel fund, UK Energy Efficiency Investments 1A)
Number of lights: circa 7,500
Operational date: Q1 2016
Contractor: FES Lighting
Media enquiries
Justin McIlroy/Oliver Hughes, on behalf of SDCL: SDCL@brunswickgroup.com / 0207 404 5959
About UK Energy Efficiency Investments Fund
The UK Energy Efficiency Investments Fund consists of £104.1 million of capital commitments and is managed by SDCL EE Co (UK) LLP, the dedicated energy efficiency investment arm of SDCL. The Green Investment Bank is the cornerstone investor in the Fund, having committed £50m into the vehicle in September 2012. The Fund makes investments in efficiency projects across the UK.
About SDCL
SDCL is a specialist financial and investment advisory firm, headquartered in London and with offices in New York, Dublin, Hong Kong and Singapore. It was established to help governments, financial institutions and companies finance and invest in environmental and social infrastructure assets and services. SDCL’s advisory business is focused on facilitating the supply of clean infrastructure. Its investment business is focused on reducing demand for resources through energy efficiency.
About FES
Future Energy Solutions (FES) is an innovative global green technology company that provides funded lighting solutions for large scale commercial and industrial businesses. The FES funded service includes surveying, designing, procuring, project managing, installing, and maintaining new energy efficient lighting systems. Formed in 2009 in the United States, FES has grown to a family of companies around the globe. The UK office opened in April 2013 and has since installed over 120,000 energy efficient devices across several client portfolios. With an additional presence in Australia and Mainland Europe, FES brings a global presence and unique funded solution to the lighting market.