As a part of peer to peer H2020 project PROSPECT, five handbooks were developed for examples innovative financing schemes in the following sectors:
- public buildings
- private buildings
- public lighting
- cross-sectoral (from energy production to climate change adaptation)
The following tool has been developed in the frame of the garantEE project which has received funding from the European Union’s Horizon 2020 programme.
Within guarantEE, 14 experienced partners will develop innovative business and financing models for performance-based ESCO projects. For rented facilities, the aim is to develop and test solutions adequately sharing costs and benefits between user, building owner and ESCO (triple-win approach).
The programme offers a solution to LA struggling to gain investment in energy projects. It adds a structure to energy project assessment with performance indicators and financial models. This innovative funding solution operates such that the Energy Conservation Budget is utilised with an internal Energy Performance Contract (EPC). This is equivalent to an Internal ESCO (Energy Services Company).
"The Energy Performance Contract between ESCO and building owner usually contains guarantees for energy (cost) savings and regulates allocation of financial and technical risks for implementation and operation during the entire project duration of typically 5 to 5 years. Since there are various European model contracts and different approaches for EPC the EESI project defines not ONE European model contract but the main distinguishing features of Energy Performance Contracts and makes different proven model documents available.