![]() The Investor Confidence Project (ICP) Europe is enabling a market for Investor Ready Energy Efficiency™ projects by reducing transaction costs and engineering overhead for building renovation projects, while increasing the reliability and consistency of savings.
ICP takes the variability out of the process by leveraging best practices for each phase of an energy retrofit and credentialing projects through third-party review. The near-term benefit of ICP Europe will be greater deal flow with reduced transaction costs and more market confidence in energy savings and performance risk in general. On a longer-term basis, ICP Europe will help establish energy efficiency as a new and profitable global asset class leading to a commercial building sector with lower operating costs, higher market value, and a significantly lower carbon footprint. ICP Europe is assembling a growing marketplace connecting project developers with a wide range of project investors. This expanding sector includes 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. Europe has ambitious energy goals.. The European Commission has set an overall long-term target for the building sector of around 90% reduction of CO2 emissions by 2050. With buildings representing 40% of all energy consumption, improving energy efficiency in building renovation is critical to achieving these goals. The cost of renovations needed to achieve these goals are estimated at €3.5 trillion by 2050, or around €95 billion annually. This will require substantial private investment from institutions who view building renovation projects as safe and reliable assets. |
|
The ICPEU and I3CP projects have received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 649836 and 754056. The sole responsibility for the content of this document lies with the authors. It does not necessarily reflect the opinion of the European Union. Neither the EASME nor the European Commission are responsible for any use that may be made of the information contained therein.
|