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ICP Presents at UNEP Buildings Day COP21

11/28/2015

The Investor Confidence Project is honored to participate in this year's Buildings Day at United Nations Climate Change Conference in Paris (COP21).

Matt Golden will examine how the Investor Confidence Project is creating Investor Ready Energy Efficiency™ to help reduce near-term barriers, while creating an asset class for that can attract capital markets and achieve scale.

The Building Sector’s <2℃ degrees pathways

As part of the first panel of the day with international perspectives from France, Dubai, China, United Kingdom and the United States, Matt will explore how building efficiency is emerging as a key wedge to achieve our climate and clean energy goals and how the Investor Confidence Project in North America and Europe is encouraging greater investment in projects that deliver measurable and reliable energy and carbon outcomes.

UNEP BUildings Day Agenda

BUILDINGS DAY AT COP21
3 DECEMBER 2015

The first ‘Buildings Day’, to be held at COP21 on 3 December 2015, provides an opportunity to launch an unprecedented alliance of organizations collectively committed to:

Helping to put the buildings and construction sector on the “below 2 °C path”
Aligning existing initiatives, partnerships, commitments and programmes to achieve greater scale and increase the pace of efficiency actions
Catalysing stronger collaboration and targeting sectoral and cross sectoral climate action and solutions for all

ICP Makes Cx, O&M, and M&V Plans Easy

11/21/2015

ICP Project Development Templates are first of a kind ready-to-use templates that take the time and cost out of developing the key performance period plans required for Certified Investor Ready Energy Efficiency™ projects. Developed in collaboration with stakeholders, these templates have been designed for users to customize the contents and language to fit owner or project specific requirements, and generally based on information already developed for the project.

ICP requires that at the time of IREE™ Certification these actionable plans are in place, so that building owners and investors can ensure that projects are implemented, maintained, and measured through the performance period of thier projects to make sure they achieve thier energy savings potential. The ICP system provides the plan as part of the underwriting pacakge, but we rely on those taking risk on the savings to ensure that the plans are executed on.

We are pleased to release templates for Operational Performance Verification (targeted commissioning), Operations Maintenance and Monitoring, and Measurement and Verification.

icp_cx__opv__plan_v.1_-_template.docx
File Size:	57 kb
File Type:	docx

Download File

Operational Performance Verification (OPV) Plan Template:
The OPV plan can be used directly to describe the targeted commissioning process to support Investor Confidence Project (ICP) compliant projects that use either in-house or third-party commissioning providers.

icp_om_m_plan_v.1_-_template.docx
File Size:	44 kb
File Type:	docx

Download File

Operations, Maintenance and Monitoring (OM&M) Plan Template:
This OM&M plan template provides a framework and outline for creating a project specific OM&M plan. The OM&M plan can be used directly to describe the OM&M process to support Investor Confidence Project (ICP) compliant projects. This OM&M plan can be used as a stand-alone document, or included as an appendix to the commissioning (OPV) plan.

icp_option_c_m_v_plan_v1.0_-_template.docx
File Size:	40 kb
File Type:	docx

Download File

Measurement and Verification (M&V) Plan Template, Option C:
This M&V plan template provides a framework and outline for creating a project-specific M&V plan adherent to the IPMVP Option C, Whole Facility approach. The M&V plan can be used directly to describe the M&V process to support Investor Confidence Project (ICP) compliant projects. This M&V Plan template was developed with contributions by David Jump of Quantum Energy Services & Technologies, Inc. (QuEST), and the EVO IPMVP Committee.

Templates for IPMVP Option A and Option B are under development, check back soon!

ICP’s New Investor Network Aims to Boost Private Investment in Energy Efficiency

11/12/2015

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Buildings use nearly 40 percent of all energy in the U.S., so improving their efficiency is key to a clean energy future. Because increasing deal flow in the energy efficiency market has been a challenge, Environmental Defense Funds’ (EDF) Investor Confidence Project (ICP) announced today the launch of its Investor Network to help connect investors in search of quality energy efficiency projects with project developers of buildings in need of capital. Offering investors a common language to compare project risks and savings makes projects simpler, decisions easier, and project performance more reliable.

“The Investor Confidence Project helps create a pipeline of investor-ready projects to meet growing demand within the building sector” said Andy Darrell, EDF’s Chief of Strategy, Global Energy & Finance. “We are thrilled to see these investors looking for ways to deploy capital into energy efficiency and look forward to helping close the gap between opportunity and a robust marketplace of smart investments.”

EDF’s Investor Confidence Project creates certified energy efficiency projects that make investing in what are often complex projects easy for building owners and investors alike. The new Investor Network was developed to help address the needs of investors looking for standardized projects that reduce the time, risk, and costs involved in funding energy efficiency projects. Reviewed by an independent engineer, each ICP-certified – or Investor Ready Energy Efficiency™ – project has provided consistent documentation for each step in the process. By certifying projects against an industry standard, ICP reduces transaction costs and increases confidence in savings in order to help engage private capital and scale up energy efficiency investments globally.

Members of the Investor Network make up around $1B in financing for energy efficiency projects collectively and range from leading providers of debt and equity to finance projects, to insurance providers and energy services companies. Members include Bluepath Finance, CleanFund, Commercial PACE Capital, Energi, Hartford Steam Boiler, HUB International, Joule Assets, M-core Credit Corporation, Metrus Energy, Noesis, Petros PACE Finance, ReNewAll LLC, Renew Financial, and Spark Fund.

A majority of Investor Network members are demonstrating the value ICP provides by offering incentives such as accelerated underwriting, reduced transaction fees, and preferable terms for Investor Ready Energy Efficiency™ projects. Members actively voicing their support for the Investor Confidence Projects and its Investor Network include:

“As an investor in Property Assessed Clean Energy, or PACE, energy efficiency deals, the most critical factor we’re looking for is confidence in savings and returns – of which the Investor Confidence Project is vital to building,” said John Kinney, Founder and Chairman of CleanFund.

Mike Bahr, Co-Founder & Managing Partner of ReNewAll, who is both a project developer and investor, summed up their support for ICP by saying, “we believe ICP has the potential to benefit the entire energy efficiency ecosystem. The ICP standards provide a common roadmap for project development and the ICP credentialing system ensures that energy efficiency projects will be developed consistently. The net results are projects that investors, programs, and building owners can depend upon to perform as designed.”

Mansoor Ghori, Managing Director of Petros Partners, who is an active Property Assessed Clean Energy (PACE) investor, says “ICP can play a crucial role in enabling deal flow in developing energy efficiency markets, such as the PACE market here in Texas. ICP's standards-based approach facilitates the underwriting of projects, which is why Petros is offering expedited underwriting for Investor Ready Energy Efficiency™ projects.”

Interested investors can find more details on ICP’s website. To get in touch with any of the Investor Confidence Project’s Investor Network members about funding for energy efficiency projects or to find out more about ICP, contact [email protected].

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ICP Presents at UNEP Buildings Day COP21

ICP Makes Cx, O&M, and M&V Plans Easy

ICP’s New Investor Network Aims to Boost Private Investment in Energy Efficiency

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