€20 million for energy efficiency ESCo consultants in Flanders
The government’s PMV holding company will invest €20 million in ESCos to help local businesses become more energy efficient
‘Win-win all down the line’
The decision was reached after consultation with energy minister Bart Tommelein and economy minister Philippe Muyters. Businesses in Flanders are still investing too little in energy-saving measures, according to the ministers, despite the savings opportunities available.
In a joint statement, they attributed this to “a lack of expertise and a shortage of time and resources for investments outside the core business”. An ESCo has the expertise and can take on the job of evaluating the opportunities.
“Esco companies can, as third parties, take over the whole energy investment, from conception to financing, realisation and maintenance following installation,” the ministers said. “They can take care of energy-saving interventions such as the replacement of lighting, better adjustments to heating or the installation of solar panels. The host companies can pay for their services with the money saved.”
The participation of the PMV is expected to trigger additional investment from banks and private concerns of up to €150 million. “PMV is setting up an innovative form of financing,” Tommelein said. “ESCo companies will be strengthened, businesses will feel the difference in their bank accounts, and the climate will benefit. A win-win situation all down the line.”
Photo: Businesses from retail to warehousing can save substantially with the right lighting
new wind turbines created in Flanders in 2013
million kilowattage of green energy in 2012
percentage of green energy used in Flanders in 2012