ESPC – ENERGY SAVINGS PERFORMANCE CONTRACT
An ESPC, or Energy Savings Performance Contract, is aimed at eliminating the fiscal constraints that can stop a project before it is even conceptualized. With an Euro Green Energy ESPC, customers can renew facilities and reduce energy costs without the need for capital expenditures and the political complications that arise during the budgeting process.
Through Energy Savings Performance Contracting, Euro Green Energy pays all costs involved in identifying and installing new or upgraded energy-efficient equipment. The energy upgrades are paid for by a portion of the cost savings resulting from these improvements over a set term. At the end of the ESPC, the customer owns all of the improvements and receives all of the continuing savings.
Whether it is a performance contract for federal or local government, education, healthcare, manufacturing, public housing or retail, Euro Green Energy can meet any customer’s unique needs.
Arizona State University
Euro Green Energy extensive partnership with ASU, funded entirely through ESPCs, has reduced energy consumption by 98,505,000 KWh.
The city funded needed community-wide infrastructure improvements without up-front capital through an ESPC and solar PPAs.
Department of Energy Savannah River Site Biomass Cogeneration Facility
Euro Green Energy turned a decommissioned coal plant into a renewable biomass facility that provides 100,000 MW of energy annually.