transparense.eu
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escoA natural or legal person who delivers energy services in form of Energy Performance Contracting (EPC) whose main feature is guarantee of savings (restricted definition with respect to EPC used in Tra [..]
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energy performance contractContractual 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, sup [..]
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shared savings modelThe ESCO organises the financing of the total upfront capital cost of the project and is totally responsible for repaying the lender, therefore assuming performance, credit and energy price risks. The [..]
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guaranteed savings modelThe client finances the project and makes periodic debt service payments to the lender, therefore assuming credit risk. The ESCO guarantees energy saving performance to the client and therefore carrie [..]
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on-balance sheetSituation in which investors lend a certain amount of money on credit in exchange for repayment plus interest. The most common EE financial product is a loan directly to the client (owner of the premi [..]
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on-balance sheetSituation in which investors lend a given amount of money in exchange for a stake in a project. The most common example of equity financing is private equity. With respect to energy efficiency busines [..]
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on-balance sheetMezzanine financing is a hybrid form of financing that combines debt and equity financing. In most cases, debt will be ranked as a preferred equity share. Mezzanine debt financing is thus riskier than [..]
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off-balance sheetProject finance (PF), by contrast to balance sheet financing (loans, debt and equity), bases its collateral on a project’s cash flow expectations, not on individuals or institutions’ creditworthiness. [..]
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off-balance sheetLeasing is the energy market’s common way of dealing with initial cost barriers. It is a way of obtaining the right to use an asset. Finance leasing can be used for EE equipment, even when the equipme [..]
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roiA performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is div [..]
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