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Fedesco
Published on 02 March 2018
Belgium
Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest
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About this good practice
Fedesco was created in 2005 as a public ESCO to study and implement energy efficiency projects in 1.800 Belgian federal public buildings.
Although originally planned, through the use of the 100 million € financing capacity with state guarantee, Fedesco never acted as third party investor to provide loans to its customers. Financing comes from federal public budgets and there is no debt deconsolidation. The loans are being considered as public debt. The main reason is that the financing is provided by the public authority itself, as Fedesco is 100% owned by the government, through its shareholder, the Federal Holding and Investment company.
From 2005 to 2014, Fedesco used the separate contractor based model, including studies and engineering. A strong collaboration was initiated with the federal Building Agency that acts as building owner and manager.
From 2011, Fedesco started implementing an alternative parallel model, using EPC contracting, using an innovative methodology called smartEPC, co-developed with a private facilitator (Energinvest).
In 2011, Fedesco created a “Knowledgecenter” department to provide EPC facilitation services to non-federal public authorities, i.e. regions, provinces, cities and municipalities.
The unit operates as programme marketer, project integrator (in case of the separate contractor based model), project facilitator (in case of EPC), financial advisor, financier and assessor.
In 2015, Fedesco was integrated into the Building Agency.
Although originally planned, through the use of the 100 million € financing capacity with state guarantee, Fedesco never acted as third party investor to provide loans to its customers. Financing comes from federal public budgets and there is no debt deconsolidation. The loans are being considered as public debt. The main reason is that the financing is provided by the public authority itself, as Fedesco is 100% owned by the government, through its shareholder, the Federal Holding and Investment company.
From 2005 to 2014, Fedesco used the separate contractor based model, including studies and engineering. A strong collaboration was initiated with the federal Building Agency that acts as building owner and manager.
From 2011, Fedesco started implementing an alternative parallel model, using EPC contracting, using an innovative methodology called smartEPC, co-developed with a private facilitator (Energinvest).
In 2011, Fedesco created a “Knowledgecenter” department to provide EPC facilitation services to non-federal public authorities, i.e. regions, provinces, cities and municipalities.
The unit operates as programme marketer, project integrator (in case of the separate contractor based model), project facilitator (in case of EPC), financial advisor, financier and assessor.
In 2015, Fedesco was integrated into the Building Agency.
Resources needed
From 2005 to 2014, Fedesco invested 27,4 million € using the separate contractor based model, including 2 million € in studies and engineering. It employed a staff of 11 people, including 3 project managers.
Evidence of success
In the period 2005-2013 Fedesco carried out 450 energy audits and 600 complete energy monitored buildings. As a result of that, it achieved average energy savings 15% – 35% per year.
The main beneficiaries were the federal public administrations and as a second part were regional, provincial and local authorities (through the Knowledge center).
The main beneficiaries were the federal public administrations and as a second part were regional, provincial and local authorities (through the Knowledge center).
Potential for learning or transfer
Fedesco thus acted as an “integrator” to become one of the first public ESCOs in Europe. It achieved 15% to 35% average energy savings per year.
Examples:
Fedimmo project implemented a comprehensive Maintenance & Energy Performance Contract (M-EPC) for 11 federal public buildings. The model used is the smartEPC model, designed by Energinvest & partners, which includes performance based maintenance, performance based comfort measurement and building value performance in addition to energy saving guarantees, allowing or optimization of total cost of ownership. The amount invested was 800,000 € and the energy savings reached 249,000 €/year.
Another example is the Palace of Justice in Brussels. Fedesco, in collaboration with the Buildings Agency, installed a cogeneration system. The amount invested was 724,716 €, the energy savings reached 130,000 €/year and reduced the annual CO2 emissions about 300 tonnes. The estimated electrical production is 1.8 GWh.
Examples:
Fedimmo project implemented a comprehensive Maintenance & Energy Performance Contract (M-EPC) for 11 federal public buildings. The model used is the smartEPC model, designed by Energinvest & partners, which includes performance based maintenance, performance based comfort measurement and building value performance in addition to energy saving guarantees, allowing or optimization of total cost of ownership. The amount invested was 800,000 € and the energy savings reached 249,000 €/year.
Another example is the Palace of Justice in Brussels. Fedesco, in collaboration with the Buildings Agency, installed a cogeneration system. The amount invested was 724,716 €, the energy savings reached 130,000 €/year and reduced the annual CO2 emissions about 300 tonnes. The estimated electrical production is 1.8 GWh.
Further information
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Good practice owner
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Organisation
Belgian Federal State
Belgium
Région de Bruxelles-Capitale/ Brussels Hoofdstedelijk Gewest