Plant Engineers & Managers Guide 14

• Title : Plant Engineers & Managers Guide 14 by Albert Thumann, P.E., C.E.M.
• Publish : Marcel Dekker, Inc New York and Basel
• Type Document : pdf 
• Release : December 2002
• Total Page : 17 page
• Size : 0.41 Mb

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Decrypted Contents

Financing Energy Efficiency Projects
INTRODUCTION
Every day spent by an organization without having installed the appropriate energy efficiency measures means lost savings and lost opportunities. Performance contracting is a sophisticated solution to this problem. As with any sophisticated system, there are elements of complexity to be managed. Therefore, communication, knowledge and experience are essential for successful project completion.

DEFINITIONS AND CLARIFICATIONS
For the purposes of this chapter, it is assumed that the energy services company (ESCO) is providing the energy conservation measures (ECMs) such as audit, design, installation, monitoring and maintenance for the customer and that a separate third party, such as a bank or investment company, is providing the capital for the project. Often, energy services companies market themselves to customers as providing financing. In many cases, there is an independent financing source involved in the background. Alternatively, an ESCO can be a utility subsidiary which uses the utility’s shareholder money to finance projects. For simplicity’s sake, we will treat the ultimate source of capital for projects as a separate lender with its own guidelines.

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