Master Class on smart Energy Performance Contracting: alternative procurement models and financial instruments
Fossil-free citiesIn a bid to propel the energy transition in the EU, the second Master Class module of the EU ManagEnergy Initiative aimed to unveil alternative procurement models and financial instruments suitable for delivering energy efficiency projects.
The module, held on September 27, October 10-11, and October 27, hosted 24 professionals from local and regional energy agencies. The overarching goal was to inspire energy agencies to collaborate with the private sector in developing and delivering investment projects by using innovative financing instruments crucial for supporting climate and energy projects.
Conducted by the North-West Croatia Energy and Climate Agency – REGEA, the training showcased the agency’s extensive experience in utilising these tools. REGEA, acting as a facilitator, has been instrumental in establishing partnerships between public authorities and the private sector. This collaboration has successfully leveraged private finance to accelerate the energy transition in Croatia.
The focal point of the second Master Class sessions revolved around three main instruments:
- Energy Performance Contracting (EPC – SMART EPC),
- Public Private Partnerships (PPP), and
- Power Purchase Agreements (PPA).
Trainers from REGEA presented the Smart EPC handbook, offering insights into the SMART EPC concept, as well as insights on SMART EPC Contracts and Tender documentation – notably through an Excel tool named “Value of Investment”. This exercise allowed them to simulate and calculate the values of investments and the SMART EPC fee for potential SMART EPC projects.
The initiative has not only provided a platform for knowledge exchange but has equipped energy professionals with the tools and insights needed to navigate the complexities of developing and financing SMART EPC projects. As the participants return to their respective roles armed with newfound knowledge, the hope is that this initiative will catalyse a wave of collaborative projects with the private sector, further developing new SMART EPC projects and utilising the developed SMART EPC tools.
The ManagEnergy initiative announced its 3rd Master Class which will be held on January 31, February 14-15, and February 28, 2024. This Master Class will be held on the topic of “One-Stop-Shops”.
