Today, the 14th of September 2015, the Investor Confidence Project Europe released the first of our building Energy Performance Protocols (ICP Protocols) for public comment.
The ICP Europe Protocols are an industry best practice assembly of existing European and National building energy renovation standards, practices, and documentation aligned to create the data necessary to enable underwriting and managing of energy performance risk.
Similar to an appraisal pack in a commercial real estate deal, each defined Protocol creates a regular set of documentation that will help standardise project performance underwriting, leading to better data on performance, and a more efficient marketplace with less duplicative engineering and lower transaction costs.
These protocols are to be used for investors and owners in order to manage performance risk and streamline the project diligence process, by government agencies to streamline renovation program processes and expedite subsidy disbursement and by developers and ESCOs to streamline project delivery and increase counter-party confidence in the proposed project.
These first drafts released today are for use on Large Tertiary whole-building energy renovation projects that have a project cost over €1 million and for Standard Tertiary whole-building energy renovation projects that have a project cost under €1 million.
The ICP Europe hosts a group of European investors, building portfolio owners and managers, engineers, insurance companies, government agencies and others to advise us on our protocol development. This group is called our Technical Forum and is open for any stakeholder interested in driving greater deal flow in the renovation market to join. Just sign up on the Technical Forum Webpage.
There will be a Technical Forum webinar, lasting 1-1.5 hours, on September 24th at 15:00 CET where ICP Europe Staff will review the draft protocols, discuss their content and the research that went into them and discuss next steps on their delivery.
This is your opportunity to contribute and shape the ICP Europe Protocols to your specific market needs so we hope you can attend the webinar and offer your insight. We will be sending the Technical Forum webinar details before the meeting and look forward to answering any questions you may have. If you would like to take part you must be registered for the Technical Forum to receive the meeting reminder and webinar details. If you have not already done so, please feel free to register for the Technical Forum at this link.
The ICP Europe Protocols are an industry best practice assembly of existing European and National building energy renovation standards, practices, and documentation aligned to create the data necessary to enable underwriting and managing of energy performance risk.
Similar to an appraisal pack in a commercial real estate deal, each defined Protocol creates a regular set of documentation that will help standardise project performance underwriting, leading to better data on performance, and a more efficient marketplace with less duplicative engineering and lower transaction costs.
These protocols are to be used for investors and owners in order to manage performance risk and streamline the project diligence process, by government agencies to streamline renovation program processes and expedite subsidy disbursement and by developers and ESCOs to streamline project delivery and increase counter-party confidence in the proposed project.
These first drafts released today are for use on Large Tertiary whole-building energy renovation projects that have a project cost over €1 million and for Standard Tertiary whole-building energy renovation projects that have a project cost under €1 million.
The ICP Europe hosts a group of European investors, building portfolio owners and managers, engineers, insurance companies, government agencies and others to advise us on our protocol development. This group is called our Technical Forum and is open for any stakeholder interested in driving greater deal flow in the renovation market to join. Just sign up on the Technical Forum Webpage.
There will be a Technical Forum webinar, lasting 1-1.5 hours, on September 24th at 15:00 CET where ICP Europe Staff will review the draft protocols, discuss their content and the research that went into them and discuss next steps on their delivery.
This is your opportunity to contribute and shape the ICP Europe Protocols to your specific market needs so we hope you can attend the webinar and offer your insight. We will be sending the Technical Forum webinar details before the meeting and look forward to answering any questions you may have. If you would like to take part you must be registered for the Technical Forum to receive the meeting reminder and webinar details. If you have not already done so, please feel free to register for the Technical Forum at this link.
RSS Feed