Energy Exchange

EDF’s Energy Efficiency Protocols Serve as a Model at ESCO Europe 2014

By: Matt Golden, Senior Energy Finance Consultant 

1ICP LogoAs interest in and adoption of EDF’s Investor Confidence Project (ICP) protocols has continued to grow in the United States, so too has interest internationally. The Investor Confidence Project was invited to showcase our efforts at ESCO Europe, the continent’s largest conference for energy service providers. This year, the conference was held in Barcelona, Spain and drew an array of participants from across Europe and the public and private sectors, including representatives from finance companies, governments, and non-profits with interests in the energy industry.

I was privileged to serve as both a panelist in a roundtable discussion on barriers to ESCO financing, and a speaker on “Improving Access to Finance,” a well-attended session with representatives from the European Investment Bank, European Bank for Reconstruction and Development, and European Energy Efficiency Fund.

EDF was invited to attend this conference based on a series of conversations over the last year with European stakeholders facing the same barriers to investing in energy efficiency as their American counterparts. With policymakers in Europe similarly counting on a vast expansion of the market in building retrofits and an expected influx of private and public capital, there is a focus on standardization and policies that can enable capital and investors to enter the market with fewer transaction costs. Read More »

Also posted in Clean Energy, Energy Efficiency, Investor Confidence Project / Read 1 Response

World Bank’s Announcement of ‘Thirsty Energy’ Initiative Signals Growing Importance of Energy-Water Nexus

Kate ZerrennerEnergy and water, two of our most important global resources, are inextricably linked. And yet when it comes to planning, the regulatory agencies in charge of managing these precious resources are often separate and uncoordinated in their decision-making. With the World Bank’s recent unveiling of its Thirsty Energy initiative, it seems that the energy-water nexus is finally being taken seriously- and on a global scale.

This new initiative aims to address the interconnection between energy and water head-on by providing countries with “assessment tools and management frameworks” to help governments “coordinate decision-making” when planning for future energy and water infrastructure. Fortunately, this kind of guidance couldn’t come soon enough. Here’s a cool infographic from the Thirsty Energy website to illustrate where we are and where we’re headed: Read More »

Also posted in Clean Energy, Climate, Energy-Water Nexus, Utility Business Models / Read 3 Responses

PACE 2.0: California Leading the Next Evolution in Clean Energy Finance

Economy_iStock_000019093094_RFProperty Assessed Clean Energy (PACE) is an innovative financing technique for clean energy retrofits that was first developed in Berkeley in 2008, giving energy efficiency projects a huge boost throughout the U.S.

Here’s how it works: Property owners agree to a long-term tax assessment on their home or building in exchange for the upfront funding to pay for a retrofit. What’s great about the program is its ability to essentially eliminate one of the biggest barriers to energy efficiency retrofits: up-front costs.

And, just as with any other property tax assessment, the obligation transfers to the new owner upon a sale of the property.  This transferability allows property owners to consider projects with longer payback periods as the obligation does not become immediately due upon sale. Read More »

Also posted in California, Clean Energy, State / Tagged , | Comments are closed