Revolving Fund Yields Large Municipal Savings


"Auck­land is us­ing a re­volving fund to fin­ance en­ergy ef­fi­ciency up­grades in city-owned or man­aged build­ings. The fund was first gran­ted $700,000 in 2013 to in­vest in in­nov­a­tion and im­prove­ments of pub­lic-owned build­ings; the sav­ings achieved by the gains in ef­fi­ciency have been re­in­ves­ted in ad­di­tional pro­jects. To date, the ret­ro­fit of the Auck­land Coun­cil Headquar­ters led to a 39% de­crease in en­ergy use and an­nual sav­ings of $377,000. Ad­di­tion­ally, the city’s out­fit­ting of 40,000 street­lights with LEDs, and the ad­di­tion of a tele-man­age­ment sys­tem, will res­ult in a total net sav­ings of $30 mil­lion over 20 years.

As the Coun­cil has 1,816 build­ings un­der its jur­is­dic­tion, Auck­land has a wide scope to scale up im­prove­ments and achieve im­port­ant sav­ings via the re­volving fund. In ad­di­tion to ad­dress­ing the cli­mate-proof­ing needs of city-owned build­ings, the pro­ject demon­strates the vi­ab­il­ity of en­ergy ef­fi­ciency in­vest­ments and can act as a guide for build­ing own­ers and the en­tire build­ing in­dustry across New Zea­l­and."

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Part of Solution

  • Finance & Economic Development for Cities100

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    • Financeande auckland 768x432

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