Building Renovation Investment Protocols open for comments
By streamlining transactions and increasing the reliability of projected energy savings, Investor Confidence Project (ICP) Europe intends to build a marketplace for standardized energy efficiency projects. The marketplace would connect project developers with a wide range of project investors including both equity and debt finance companies, building owners and managers, energy service providers, insurers, engineers, utilities, and a range of NGO and public sector organizations.
As part of this endeavour, ICP Europe is currently developing a set of Energy Performance Protocols specific to the European sector. They will define a clear road map from retrofit opportunity to an investor- ready energy efficiency project, reducing often onerous transaction costs and making performance risk manageable to investors. This will also ensure that building owners achieve the many benefits of improved energy efficiency including reduced operating costs, enhanced productivity, and a lower carbon footprint.
The protocols are the first components of the ICP System which standardises how energy efficiency projects are developed and measured. Backed by €1.92 million of Horizon 2020 funding, the Investor Confidence Project (ICP) Europe released its first draft protocols on 14 September 2015 and is inviting interested parties to comment on it prior to the final version to be published in October. The consultation process is open to anyone interested in a better functioning building energy renovation market.
For more information see here.
