The Clinton Foundation has announced a partnership with the city of Los Angeles to retrofit buildings with LED lighting over the next five years. In all, 140,000 LEDs will be installed throughout the city.
The foundation says that the project will reduce CO2 emissions by 40,500 tons a year and will save $48 million over seven years. After seven years, the loan for the installation of the lights will have to be repaid, but the city will continue to save $10 million a year in energy costs. No word yet on which lucky vendor was chosen to provide the LED lights.
The city will still have to secure financing for this large project, which may be tricky right now, but the savings in energy costs will easily make up for the money invested in the installation. It's great to see the Clinton Foundation back making positive headlines now that Bill and Hillary are done being politically vetted. This project has the potential to show other cities the benefits of investing in retrofitting and with an organization like the Clinton Foundation involved, it's bound to be successful.
written by Kevin, February 18, 2009
written by David Howell, February 20, 2009
written by John Watkins, February 20, 2009
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