Energy performance contracting as a mode of funding renewable energy projects in Hungary.

One of the most burning problems ( literally) of the European environmental policy is the reduction of the CO2 emission and share of the renewable energy sources in total energy production. The challenge is even bigger in Central Easter European countries, with more traditional and conventional energy sources based economy. When analyzing the investments in RES and public energy efficiency it actually turns out that the majority of them is financed with the significant contribution of European Union. Considering forthcoming change in the rules of financing a cohesion policy and shift to repayable instruments there is an urging need of development new models for investment projects in that area. Energy Performance Contracts could be one of the successful ways to tackle this challenge.  At present the Energy Efficiency Directive defines ‘energy performance contracting’ as a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where investments (work, supply or service) in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or other agreed energy performance criterion, such as financial savings. Norway has launched  a Norwegian Standard for EPC in 2014 so there is a fresh lesson to be learned from the implementation process which started with first projects at the beginning of 2000th.
In order to enhance new models of financing energy efficiency investments in Hungary LENERG – an energy agency, based in Deberecen invited IDN to join bilateral project and to share the knowledge and experience on implementation of EPC in Norway.
The knowledge transfer project is organized in the formula of two workshops – in Hungary and in Norway.  In the result of joined efforts we will finalize the project with the report and recommendations on implementation of energy performance contracting  presented to Hungarian stakeholders interested in energy efficiency projects.
More information on project website: http://www.escohungary.com/index.php
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