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INSURANCE

The Energy Savings Insurance

The energy savings insurance of the ESI model is a policy to cover clients in the event that promised energy savings are not achieved, and that the TP cannot fulfil its commitments.

The goals of the energy savings insurance are to:

  • GUARANTEE

    Provide a guarantee that reduces the energy efficiency investment risk for clients by insuring TP’s savings guarantee commitment

  • De-risk

    Increase the commercial banks’ willingness to lend to the clients for these project types given the reduced default risk

Energy Savings Insurance

The energy savings insurance is a surety bond type of insurance, which is a contractual agreement among three parties: the TP, the insurance company and the client.

The energy savings insurance is linked to the ESI contract and is triggered if specific clauses of the contract are not met.

In case of the reported energy savings are not agreed by Client and TP, an arbitration process is initiated. The Validation Entity carries out the arbitration procedure, which includes evaluating the reported energy savings and assessing potential energy savings defaults to be compensated to the Client.

Insurance Claim

Insurance Companies

In each of the three countries, we are partnering with insurance companies that are ready to offer the ESI!

EU
This project has received funding from the European Union’s Horizon 2020 research and innovation programme under grant agreement No 785061

The content within this website reflects only the author's views, and not the views of the European Commission or the Executive Agency for SME’s. The Commission and Agency is not responsible for any use that may be made of the information it contains.
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