Upgrade of 5,000 LED panels across 7 Tesco sites delivering average annual energy savings in excess of €540,000. The project delivery partner guaranteed the energy savings and will manage both the operation & maintenance and the measurement & verification of the LED lights for the duration of the contract. IEEF used appropriate equipment warrantee and insurance coverage to mitigate any credit risk.
IEEF provides guaranteed energy savings based on a long term energy performance contract with no upfront capital expenditure and substantial risk transfer for the retailer. We have a detailed understanding of the key energy saving initiatives for the food retail sector and the importance of minimising disruption to operations during the installation phase. We are fully aware of the constant pressure that food retailers are under to improve profitability in a very price competitive market. Our solution positively impacts both the top and bottom line for the food retailer: i) quality lighting and refrigeration improves the look of the produce and has widely been associated with increased customer spending and a more enjoyable customer experience; ii) we deliver immediate operational savings through reduced energy consumption and maintenance savings. SDCL’s investment model can also be delivered off-balance sheet for the retailer and therefore works within existing financial covenants.