Lita Lighting: Public LED lighting investment in 2012

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The Spanish government have invested heavily in LED projects over 2012. These investments are designed to improve energy efficiency through the introduction of LED lighting, reducing energy costs and maintenance by more than 60% .
Example:
The Provincial Council of Valencia has opened the call to provide subsidies Energy Efficiency in Street Lighting, to replace conventional lighting with LED lights, which will enable more than 31 towns, save on their electricity consumption, and, recoup the investment within approximately 18 months. This will be achieved with both lower energy consumption and maintenance of the lights (LED lamps will last upto 50,000 hours). The total investment will be about € 20million.
Public investment will increase progressively. It is estimated that the Spanish Federation of Municipalities and Provinces (FEMP) will change all street lighting to LED lighting. This will require investment which will range between € 450million and € 1.4 billion according to IDAE and Citelum.
To cite another international example; in California, support for LED street lights project financing has come from the California Energy Commission (CEC) and the U.S. Department of Energy. California’s SEP is focused on increasing energy efficiency to reduce energy costs, energy consumption, cut reliance on imported energy and to shrink energy impacts on the environment. The California Energy Commission today awarded nearly $5 million to improve the energy efficiency of three California cities and a college. The funds come from the Commission’s Energy Conservation Assistant Act (ECAA) program.
“Investing in local energy generation and energy efficiency equipment is a simple, effective way to reduce energy use and money. Once completed, these projects will save local cities and colleges more than $400,000 in annual energy costs,” said Energy Commission Chair Robert B. Weisenmiller.