Continuing the ongoing trend towards environmentally friendly business, the fashion and entertainment center, Riga Plaza, will replace both indoor and outdoor lighting with energy-efficient LED lighting. This year, as a result of the lighting change, there are plans in place to almost halve the electricity consumption required for it, thus also reducing the amount of CO2 emissions. The service will be provided by SIA RCG LightHouse.
“In the current energy situation, the transition to energy-efficient solutions is inevitable. Lighting is one of the largest generators of electricity in supermarkets, so cheaper but equally efficient alternatives are primarily being sought. In the past, replacing lighting would have required a lot of investment, but now that different types of business have developed and it is even possible to lease technological solutions, we have chosen to work with industry leaders to entrust lighting replacement to RCG LightHouse Ltd.,” says Hannes Pihl, board member of Summus Capital.
Replacing the lighting both in the shopping center and in the adjacent area will not only improve the quality of lighting, but also significantly reduce electricity consumption and CO2 emissions. It is estimated that Riga Plaza’s new lighting solution will reduce electricity consumption by 233.13 MWh per year, which would reduce the electricity consumption for lighting by almost 50% as per current electricity prices. The introduction of this kind of solution will reduce CO2 emissions from economic activities by 25.41 tons per year.
“The issue of energy efficiency and sustainable development in the commercial property segment is being intensively discussed. Especially now, with energy tariffs rising sharply, property owners and managers are focusing on opportunities to save costs and reduce CO2 emissions while caring for the environment. I am proud that the Riga Plaza shopping center, managed by Colliers, has signed an agreement to change the lighting of the center and territory to an environmentally friendly lighting system, thus becoming greener and more efficient in its daily life,” says Eriks Bergmans, partner and head of the agency.
The technical solution will be provided by SIA RCG LightHouse, which is the largest lighting outsourcing (ESCO) company in the Baltics. SIA RCG LightHouse helps companies switch to the highest efficiency LED lighting without initial investment or technical risks. The company has already replaced more than 150,000 lighting units in more than 400 buildings and areas in Latvia, Lithuania, and Estonia.
Kaspars Osis, chairman of the board of SIA RCG LightHouse, explains why companies choose this solution instead of purchasing the lighting themselves: “Lighting, as an outsourced service, ensures the transition to high-efficiency and high-quality LED lighting without any initial investment. As a result, reduced electricity and management costs are shared, and the customer benefits from the first day of cooperation. Customer benefits include new, high-quality lighting, lower operating costs and time savings for other, more important business challenges.” When asked about the experience of shopping centers in using this kind of solution in Latvia, K. Osis says that “Riga Plaza and RCG LightHouse lighting, as an outsourced transaction between large shopping centers, is the largest in Latvia so far.”
This is not the first energy efficiency solution introduced in the shopping center. Last year, Riga Plaza switched to the use of renewable electricity, reducing the amount of CO2 emissions generated in the production of required electricity by 2,600 tons.
About the Riga Plaza fashion and entertainment center
Riga Plaza is one of the largest shopping centers in Latvia with an area of 65,000 m2 of shopping and entertainment venues, located at Salu Bridge, Mūkusalas Street 71. In 2020, the owners of Riga Plaza became property investment company Summus Capital. The Riga Plaza shopping center is managed by Colliers, an international real estate services company.