16 Jan '12, 1am

E.ON touts innovative energy-saving financing models

Energy giant E.ON is in "advanced negotiations" to implement an innovative approach to energy efficiency improvements. The approach promises to finance rolling infrastructure upgrades while requiring no upfront investment from the client. Speaking to BusinessGreen , Michael Woodhead, managing director of E.ON Sustainable Energy, revealed the company is in talks with an unnamed council about modifying an existing contract to enable a programme of rolling energy efficiency improvements. This would be funded by the energy bill savings that result from such upgrades. "In the public space, no one has any money, so the more we can find mechanisms that can help them with investment, the better," he said. "One example is street lighting. We have four PFI street lighting contracts, but now we are starting to look at energy-saving measures we can bring in through LED lights or great...

Full article: http://www.businessgreen.com/bg/news/2137265/eon-touts-in...

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