Presented at the 4th Global Infrastructure Basel Summit 21 & 22 May 2014.
Read more about the world leading platform for Sustainable Infrastructure Finance at www.gib-foundation.org.
Next Summit: 27 & 28 May 2015 in Switzerland
Advancing Discovery New Craigmont Project’s High-grade Copper Potential
SUSI - Energy Learnings from Energy Savings by Patrick Fankhauser at GIB Summit
1. SUSI Energy Efficiency Fund
Page 1GIB Summit 2014 – Learnings from Energy-Efficiency Contracts for Buildings in Monaco
Learnings from Energy Savings Contract for Buildings in
Monaco
Miguel Saenz, Director, SUSI Energy Efficiency Fund
GIB Summit 2014, Workshop 5
2. SUSI Energy Efficiency Fund
Page 2GIB Summit 2014 – Learnings from Energy-Efficiency Contracts for Buildings in Monaco
Key Information
Project: Building retrofit of 5 buildings
Project Structure: Energy Savings
Contract with guaranteed savings
Public Tender
Technology Partner: Johnson Controls
Building owner: Principality of Monaco
Project duration: 12 years
Investment volume: EUR 870k
Successful Energy Savings Project with Monaco and Johnson Controls
Energy
consumption
- 23%
Energy Costs
- 27%
CO2 output
- 35%
3. SUSI Energy Efficiency Fund
Page 3GIB Summit 2014 – Learnings from Energy-Efficiency Contracts for Buildings in Monaco
Right Contractual Set-up and Clear Objectives of Tender Essential
Energy cost savings guaranteed by
Johnson Controls over 12 years
contract duration
All costs included in tender
(installation, financing, maintenance)
Clear definition on how savings are
measured
Clear definition how buildings need
to be operated
Clear definition of evaluation criteria
e.g. financial benefit versus carbon
reduction
Financing
Investment
EUR 870k
Retrofit
Guaranteed
Savings
Share of savings
Share of savings
Technology Partner
Reduction to
EUR 480k
Total Savings
EUR 177k
Annual Energy Costs
EUR 657k
Property Owner
4. SUSI Energy Efficiency Fund
Page 4GIB Summit 2014 – Learnings from Energy-Efficiency Contracts for Buildings in Monaco
General Learnings from Energy Efficiency Projects Analyzed
Measuring
and
Monitoring
complex
Key Issues seen in
Measuring and
Monitoring Impact
Performance
based contracts
improve
sustainability Clear objectives
and evaluation
criteria
Fair allocation
of risks
There is no
perfect
measuring and
monitoring
Hard
guarantees
important
5. SUSI Energy Efficiency Fund
Page 5GIB Summit 2014 – Learnings from Energy-Efficiency Contracts for Buildings in Monaco
Your contact at SUSI Partners
Miguel Sanz
Director
SUSI Energy Efficiency AG
Feldeggstrasse 12
CH-8008 Zürich
Tel: +41 44 386 98 00
Mob: +41 76 442 98 22
m.sanz@susi-partners.ch
7. SUSI Energy Efficiency Fund
Page 7GIB Summit 2014 – Learnings from Energy-Efficiency Contracts for Buildings in Monaco
Editor's Notes
To best explain how to use Criteria for Measuring and Monitoring Impact we choosen a project with the Government of Monaco.
XXXX
Monaco had a clear goal for their Tender:
They wanted to save energy costs and the wanted to reduce their carbon footprint to meet Monacos Kioto targets.
-> Tender on total cost of Ownership e.g. total net energy savings for Monaco and tender including all costs. This means besides costs to upgrade equipment also all project management costs, maintenance costs and financing costs are included in project
-> The payments to Johnson Controls and SUSI Partners depend entirely on realized savings. Minimum savings are guaranteed by Johnson Controls
-> Tender hat a very clear evaluation criteria, e.g. biders competed on total financial savings over entire life of equipment plus on Carbon Savings they guarantee.
-> Essential to exactly define how savings are measured e.g.
- Clear baseline
- Clear measurement of savings
- Clearly defined parameters how to operate the buildings
We clearly see, that with such an approach, siginficantly higher and guaranteed savings can be achieved, compared to a normal equipment upgrade tender.