ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Agen & Fonroche Launch Largest Solar Lighting Project in EU

U.S. Towns and Cities Will Not Be Far Behind

Solar Street Lights Highway
Solar Street Lights Highway

Solar street lights on a highway in Calais

The Commune of Agen has reached an agreement with Fonroche Lighting to install 6,000 commercial solar street lights by 2026. This is the largest deployment of solar street light systems in Europe. The town worked with UGAP (Union of Public Purchasing Groups) to finalize the €11 million deal.

A Cost-Effective Decision

Upon completing a full street lighting survey, Fonroche identified 7,000 obsolete street light fixtures. Agen will replace them with 6,000 more efficient, solar powered lighting systems.

"Agen is the first region to switch so massively to photovoltaics," explains Jean Dionis du Séjour, president of Agen. "The investment is heavy, but the profitability is fast. We hope to save between 600,000 and 750,000 euros per year," adds the elected official.

The supplier of the new solar-powered street lighting, Fonroche Lighting, is based in Roquefort in the inner suburbs of Agen. The world leader in solar street lighting, the company employs around 200 people worldwide.

For the general manager of Fonroche Lighting, Laurent Lubrano, solar is a solution for the future. Many communities spend "40% to 60%" of their electricity bill on public lighting, against a backdrop of soaring prices.

"For communities today, the choice is: Either pay a lot of money or turn off and/or dim the lights. There is a third solution: invest in solar lighting. The sun is free," says the leader.

"The price of a commercial solar lighting system is higher than a traditional streetlight. But there is no additional cost: no electric bill, no trenching, no copper wiring, and no electric grid. With avoided installation costs, the return on investment is immediate. Plus, there is no maintenance for 10 years."

Lauren goes on to say that "There is no need for a lot of sun. For example, we have equipped a highway interchange in Calais with 120 streetlights which operate dusk to dawn every day of the year."

United States Municipalities Are Not Far Behind

Municipalities in the U.S. are experiencing many of the same pressures as Europe. They include rising energy prices, aging infrastructure, and poor lighting in underserved communities. Fonroche Lighting America has installed thousands of solar LED street lights across the USA.

When the City of Albuquerque launched its street light upgrade program, they found a place for solar too. Many areas that had either no street lighting or the neighborhood lighting had fallen into disrepair. They used the savings from a citywide conversion to energy efficient LED lighting to fund over 200 solar-powered LED street lights supplied by Fonroche Lighting America.

In the Midwest, Floyd County Indiana has embraced solar lighting too. 

"These environmentally-friendly lights are an excellent investment for Floyd County," noted Floyd County Com­missioner Shawn Carruthers. "As the cost of solar lighting has decreased and battery life has increased, this alter­native for illuminating our outdoor spaces has become more economically feasible. This newer technology ­represents good stewardship on behalf of Floyd County taxpayers. It provides immediate cost savings compared with regular parking lot lighting connected to the electrical grid."

Another municipality that found solar lighting to be an effective solution is Marana, Arizona. Project manager Mac Murray commented, "After carefully evaluating light levels, public works agreed the lighting levels were sufficient to ensure safety in the round-about."

These examples show that commercial solar lighting solutions are moving out of the specialty space and becoming the first choice for outdoor lighting.

Contact Information:
Ilze Greene
Marketing Director
ilze.greene@fornoche.us
9787601483
Related Images
Solar Street Lights Highway
Solar Street Lights Highway

Solar street lights on a highway in Calais

Solar Street Lights Marana, AZ
Solar Street Lights Marana, AZ

Fonroche Solar Street Lights in Marana, AZ



Original Source: Agen & Fonroche Launch Largest Solar Lighting Project in EU
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.