The sub-program "Energy Efficiency through Contracts with Guaranteed Results (ESCO Contracts)" encourages the attraction of corporate capital to finance energy efficiency measures in public facilities.
Thus, NTEF fulfills one of its strategic goals to create and implement innovative financial instruments for the implementation of projects to mitigate climate change.
What is an ESCO contract?
An ESCO contract is a way of engaging an energy efficiency contractor, where the contractor provides the investment to improve the energy efficiency of a given facility. The contractor is paid over several years with the savings from reduced energy costs, which motivates him to achieve maximum savings.
The National Trust Ecofund provides grant funding of 25% of the total investment value, thus improving the market attractiveness of the site - the payback period of the investment is reduced, which is attractive for both the contractor and the contractor (public site).
The program is implemented in partnership between the National Trust Ecofund and the FLAG Fund. The Ecofund periodically announces calls for project proposals under this program.
The funding comes from the Climate Investment Program.