Vilnius’s street lighting is inefficient and the lighting networks are obsolete, causing poor lighting, continuous failures and high energy and operational costs. UAB, the street lighting company that operates the network, plans to install LED bulbs in 40,000 lamps and replace 10% of cables and supports to improve energy efficiency. This project is part of a three-year energy efficiency programme to upgrade Vilnius’s street lighting.

Given the limited availability of public funding for the project, UAB needed to raise money externally. To get financing, the company needed a proper financial model and financial analysis. Thanks to the Advisory Hub, a team of external experts has helped the company by creating the appropriate financial structure and preparing the ground for investment. The expert team’s work helped the EIB and other lenders who might contribute financing.

Modern street lighting will reduce electricity consumption and costs by an estimated 51%, saving about 11 GWh (equivalent to the average energy consumption of almost 3,100 households) and €1 million a year.

Maintenance and operational costs should fall by 32%, or €500,000, a year.