Invested to date
$500,000
Term of loan
18 months
GREENHOUSE GASES AVOIDED EQUIVALENT TO 118 TONNES OF CO2 PER YEAR
1,466,208 kWh of energy saved
CoPower investors provided a loan to finance a pool of LED lighting retrofits in 49 social housing facilities owned by the municipality of Peel, Ontario.
The lighting retrofits were installed by Lumenix, a full service lighting solutions company that has provided turnkey LED retrofit solutions for over 200 buildings. The project will result in long-term energy and cost savings for the municipality of Peel.
The loan of $500,000 helps to finance the upfront cost of the project, and will be repaid at a fixed rate of interest over a period of 18 months.