€20,000 price tag for ‘cree lead’ LEDs – Irish Times

€20.1 million of ‘crees lead’ LED lights for the €2.5 billion €50,000 ($52,500) project, the Irish Ministry of Finance said.

The scheme aims to use more than 80,000 LED lights to provide backlit, low-light, daytime lighting for buildings, parks, cinemas and offices in the Irish capital and its suburbs.

It is to be launched next year.

The government said the project was backed by a consortium of European manufacturers, who will be paid up to €20 million.

The consortium includes UK company Hynix, French company Lumen and German company Rheinmetall.

Lumen is based in France, while Rheinemetall is based at the US.

The company said it had developed a “global technology solution” that would provide the low-lighting capabilities of LED lights.

The project has been approved by Ireland’s Department of Energy, the Environment and the Regions (DECOR), which oversees public works.

“The light-emitting diode (LED) technology is a low-cost, low emission and fast-moving solution that has the potential to transform the way we see the city, provide safe illumination to the streets, provide public transport and reduce CO2 emissions,” DECOR said in a statement.

“With the current generation of LEDs, our aim is to reduce the impact of climate change on the city by 2020 and reduce pollution to zero by 2030.”

The project is being run by a group of investors including Llamas, the French energy group, and Swiss-based company Siemens, which is in the process of buying the company that developed the LED lighting technology.

The ministry said it would provide a further update on the project in the near future.

The Irish Times contacted Siemens but had not heard back by press time.

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