“Energy Retrofit Will Save Billions”

14 October 2011: Speaking at the CBI London Annual Dinner, the Mayor laid out the economic and environmental opportunities for private sector businesses if they commit to retrofitting their premises and invest in retrofitting goods and services. The news release states that the “Mayor has funded RE:NEW, a homes energy efficiency programme which is currently retrofitting 55,000 homes across the capital by May 2012. In addition, his RE:FIT programme is set to help hundreds of public sector buildings retrofit their premises using a hassle-free template that guarantees money-back on the capital investment from predicted energy savings. The Mayor has also diverted public money into the London Green Fund which is leveraging in hundreds of millions in private sector money to provide cheap loans for public organisations enabling them to access upfront money for retrofitting. The 42 city buildings that trialled RE:FIT saw savings of up to 40 per cent in energy usage and collectively are saving the city one million pounds a year off energy bills.”
Read the full news release here.