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Hera Luce (a Hera Group company) and CDP have agreed a long-term loan of about €21 million, earmarked for investing to improve the efficiency of public lighting
The initiative will allow municipalities to make significant savings, estimated to be at least 60% of electricity use and a parallel reduction in CO2 emissions.
The financing comprises two lines of credit:
The deal underlines the importance of energy efficiency in CDP’s business plan.
Hera Luce is Italy’s second-largest provider of public lighting and is involved in the design, implementation, maintenance and management of public lighting and traffic-light systems in over seventy municipalities in the regions of Emilia-Romagna, Marche, Umbria, Tuscany, Lombardy and Lazio, where it manages around 300,000 lighting points.
A key part of the Hera Group’s business plan to 2019 is all aspects of sustainability: environmental, social and economic. Alongside purely business objectives, the Hera Group pursues: