{"id":386,"date":"2025-05-07T16:30:13","date_gmt":"2025-05-07T16:30:13","guid":{"rendered":"https:\/\/eyoder.org.tr\/eng\/?p=386"},"modified":"2025-09-11T15:20:06","modified_gmt":"2025-09-11T15:20:06","slug":"international-esco-symposium-2025-aggregation-and-financing-through-super-escos","status":"publish","type":"post","link":"https:\/\/eyoder.org.tr\/eng\/esco\/international-esco-symposium-2025-aggregation-and-financing-through-super-escos\/","title":{"rendered":"International ESCO Symposium 2025 \u2013 Aggregation and Financing Through Super ESCOs"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_video src=&#8221;https:\/\/www.youtube.com\/watch?v=9oIcwN1Zwh8&#038;t=1s&#8221; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;][et_pb_text _builder_version=&#8221;4.21.0&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221;]<\/p>\n<p>Moderated by\u00a0<strong>Svetlana Adamek<\/strong>\u00a0(Managing Director, adamek &amp; adamek consulting GmbH), this session explored the role of\u00a0<strong>Super ESCOs<\/strong>\u00a0in unlocking large-scale energy efficiency investments by aggregating projects, reducing risk, and enabling financing solutions. The panel featured public and private sector leaders from the UAE, Philippines, Canada, Morocco, and Trinidad and Tobago, each sharing their unique SuperESCO models and experiences.<\/p>\n<p><strong>Key Insights by Speaker<\/strong><\/p>\n<p><strong>Suhaib Al Marzooqi \u2013 TAQA Energy Services, UAE<\/strong><\/p>\n<ul>\n<li>Abu Dhabi\u2019s SuperESCO focuses on enabling the government sector to adopt energy performance contracting (EPC).<\/li>\n<li>Success hinged on\u00a0<strong>government mandates<\/strong>,\u00a0<strong>client onboarding<\/strong>, and\u00a0<strong>market awareness<\/strong>.<\/li>\n<li>Challenges included low tariffs and resistance from facilities management companies.<\/li>\n<\/ul>\n<p><strong>Alexander Ablaza \u2013 CEO, Climargy, Philippines<\/strong><\/p>\n<ul>\n<li>Climargy is a\u00a0<strong>private SuperESCO<\/strong>\u00a0addressing the lack of capital access for small and medium-sized ESCOs.<\/li>\n<li>Offers\u00a0<strong>off-balance-sheet equity financing<\/strong>, allowing ESCOs to focus on technical delivery.<\/li>\n<li>Aggregates projects to attract climate investors and maximise job creation and emissions reductions.<\/li>\n<\/ul>\n<p><strong>Pierre Langlois \u2013 President, Econoler, Canada<\/strong><\/p>\n<ul>\n<li>Shared experiences from\u00a0<strong>Sofia<\/strong>, a SuperESCO in Canada and France.<\/li>\n<li>Emphasised the importance of\u00a0<strong>risk allocation<\/strong>,\u00a0<strong>standardisation<\/strong>, and\u00a0<strong>financial structuring<\/strong>.<\/li>\n<li>Highlighted how bundling projects and offering turnkey financial solutions makes energy efficiency attractive to clients and banks.<\/li>\n<\/ul>\n<p><strong>Mehdi Benjelloun \u2013 Deputy General Manager, Attijari Capital Management, Morocco<\/strong><\/p>\n<ul>\n<li>Launched\u00a0<strong>Africa\u2019s first SuperESCO<\/strong>, African Energy Efficiency Fund (FADE).<\/li>\n<li>Raised \u20ac20 million to support ESCOs and standardise contracts.<\/li>\n<li>Focused on\u00a0<strong>risk-sharing<\/strong>,\u00a0<strong>ESCO capacity building<\/strong>, and\u00a0<strong>market development<\/strong>.<\/li>\n<\/ul>\n<p><strong>Arden Rodriguez \u2013 Assistant Manager, National Energy Corporation, Trinidad and Tobago<\/strong><\/p>\n<ul>\n<li>Super ESCO initiative aims to reduce natural gas use in power generation.<\/li>\n<li>Focused on\u00a0<strong>training local ESCOs<\/strong>,\u00a0<strong>standardising contracts<\/strong>, and\u00a0<strong>managing EPCs<\/strong>\u00a0for clients.<\/li>\n<li>Demonstrated strong potential for energy savings and emissions reductions.<\/li>\n<\/ul>\n<p><strong>Common Themes and Takeaways<\/strong><\/p>\n<ul>\n<li><strong>SuperESCOs fill critical gaps<\/strong>\u00a0in project preparation, financing, and aggregation that traditional ESCOs and banks cannot address alone.<\/li>\n<li>They enable\u00a0<strong>standardisation<\/strong>,\u00a0<strong>de-risking<\/strong>, and\u00a0<strong>scaling<\/strong>\u00a0of energy efficiency investments.<\/li>\n<li>SuperESCOs act as\u00a0<strong>market enablers<\/strong>, building trust, capacity, and long-term partnerships between public and private sectors.<\/li>\n<li>Both\u00a0<strong>public and private SuperESCOs<\/strong>\u00a0play vital roles depending on market maturity and policy context.<\/li>\n<li>SuperESCOs are increasingly seen as\u00a0<strong>financial intermediaries<\/strong>, not just technical facilitators.<\/li>\n<\/ul>\n<p><strong>Conclusion<\/strong><\/p>\n<p>The session demonstrated that SuperESCOs are not just a theoretical concept\u2014they are\u00a0<strong>practical, scalable solutions<\/strong>\u00a0to some of the most persistent barriers in the energy efficiency market. Whether public or private, SuperESCOs are uniquely positioned to\u00a0<strong>aggregate small projects<\/strong>,\u00a0<strong>standardise contracts<\/strong>, and\u00a0<strong>mobilise capital<\/strong>\u00a0at scale. They help bridge the gap between facility owners, ESCOs, and financiers by aligning incentives and managing risk.<\/p>\n<p>Speakers emphasised that SuperESCOs are especially valuable in\u00a0<strong>low-tariff environments<\/strong>,\u00a0<strong>emerging markets<\/strong>, and\u00a0<strong>contexts with limited ESCO capacity<\/strong>. They also play a pivotal role in\u00a0<strong>capacity building<\/strong>,\u00a0<strong>market development<\/strong>, and\u00a0<strong>policy alignment<\/strong>. As energy efficiency becomes a central pillar of climate action, SuperESCOs offer a replicable model for delivering measurable impact\u2014economically, environmentally, and socially.<\/p>\n<p>The session concluded with a call to\u00a0<strong>continue innovating<\/strong>,\u00a0<strong>sharing best practices<\/strong>, and\u00a0<strong>scaling up Super ESCO models<\/strong>\u00a0globally to meet the urgent demands of the energy transition.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Moderated by\u00a0Svetlana Adamek\u00a0(Managing Director, adamek &amp; adamek consulting GmbH), this session explored the role of\u00a0Super ESCOs\u00a0in unlocking large-scale energy efficiency investments by aggregating projects, reducing risk, and enabling financing solutions. The panel featured public and private sector leaders from the UAE, Philippines, Canada, Morocco, and Trinidad and Tobago, each sharing their unique SuperESCO models and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":357,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"[et_pb_section fb_built=\"1\" _builder_version=\"4.21.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_row _builder_version=\"4.21.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"4.21.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_video src=\"https:\/\/www.youtube.com\/watch?v=J7oK4Bp9MQw&t=1s\" _builder_version=\"4.21.0\" _module_preset=\"default\" hover_enabled=\"0\" global_colors_info=\"{}\" sticky_enabled=\"0\"][\/et_pb_video][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=\"4.21.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_column type=\"4_4\" _builder_version=\"4.21.0\" _module_preset=\"default\" global_colors_info=\"{}\"][et_pb_text _builder_version=\"4.21.0\" _module_preset=\"default\" hover_enabled=\"0\" global_colors_info=\"{}\" sticky_enabled=\"0\"]<p>Moderated by\u00a0<strong>Mark Lister<\/strong>\u00a0(Chair, Efficiency Valuation Organization and Co-CEO, Asia Clean Energy Partners \u2013 Australia), this session explored how ESCO models are being supported and scaled in developing countries and conflict-affected regions. The panel featured development institutions and financiers who shared their strategies for enabling ESCO markets through policy, finance, and technical assistance.<\/p>\n<p><strong>Key Insights by Speaker<\/strong><\/p>\n<p><strong>Anna Zhovtenko \u2013 Project Manager, Energy and Environment Portfolio, UNDP, Ukraine<\/strong><\/p>\n<ul>\n<li>UNDP has supported Ukraine\u2019s ESCO market since 2015, even amid war and energy infrastructure destruction.<\/li>\n<li>Achievements include the launch of\u00a0<strong>125 ESCO contracts<\/strong>\u00a0worth\u00a0<strong>$35 million<\/strong>, including\u00a0<strong>75 solar ESCO projects<\/strong>.<\/li>\n<li>Developed two\u00a0<strong>innovative financing mechanisms<\/strong>:<\/li>\n<ul>\n<li>Concessional loans with interest rates of 3\u20139%.<\/li>\n<li>Reduced collateral requirements and portfolio guarantees.<\/li>\n<\/ul>\n<li>ESCOs have played a critical role in ensuring\u00a0<strong>energy resilience<\/strong>\u00a0for hospitals and water facilities during wartime.<\/li>\n<li>UNDP encourages\u00a0<strong>international ESCOs<\/strong>\u00a0to enter the Ukrainian market now, not post-conflict.<\/li>\n<\/ul>\n<p><strong>S\u00f6ren David \u2013 Head of Technical Support Unit, Mitigation Action Facility (MAF), Germany<\/strong><\/p>\n<ul>\n<li>MAF provides\u00a0<strong>\u20ac5\u201325 million in grant funding<\/strong>\u00a0for ambitious mitigation projects in energy, industry, and transport.<\/li>\n<li>ESCO-related projects must demonstrate:<\/li>\n<ul>\n<li><strong>High ambition<\/strong>\u00a0(e.g., industrial heat, not just LED lighting).<\/li>\n<li><strong>Feasibility and scale<\/strong>, with total project sizes of \u20ac60\u2013100 million.<\/li>\n<li><strong>Institutional readiness<\/strong>\u00a0and\u00a0<strong>technical capacity<\/strong>.<\/li>\n<\/ul>\n<li>Successful examples include:<\/li>\n<ul>\n<li>Brazil: ESCOs supporting industrial heat for SMEs.<\/li>\n<li>Mauritius: Development of an ESCO guarantee facility.<\/li>\n<\/ul>\n<li>Emphasized the importance of\u00a0<strong>standardization and bundling<\/strong>\u00a0to overcome small-ticket financing barriers.<\/li>\n<\/ul>\n<p><strong>\u015eule K\u0131l\u0131\u00e7 \u2013 Deputy Head, European Bank for Reconstruction and Development (EBRD), T\u00fcrkiye<\/strong><\/p>\n<ul>\n<li>EBRD has invested over\u00a0<strong>\u20ac22 billion<\/strong>\u00a0in T\u00fcrkiye, with a strong focus on\u00a0<strong>green and climate-aligned projects<\/strong>.<\/li>\n<li>ESCO engagement began with:<\/li>\n<ul>\n<li>Support for T\u00fcrkiye\u2019s\u00a0<strong>National Energy Efficiency Action Plan<\/strong>.<\/li>\n<li>Development of\u00a0<strong>financing mechanisms<\/strong>\u00a0and\u00a0<strong>policy dialogue<\/strong>\u00a0with the Ministry of Energy.<\/li>\n<\/ul>\n<li>Key challenges:<\/li>\n<ul>\n<li><strong>Small project sizes<\/strong>,\u00a0<strong>lack of standardization<\/strong>, and\u00a0<strong>limited technical capacity<\/strong>.<\/li>\n<li><strong>Low awareness<\/strong>\u00a0of energy efficiency as an investment opportunity.<\/li>\n<\/ul>\n<li>EBRD supports ESCOs through:<\/li>\n<ul>\n<li><strong>Technical assistance<\/strong>,\u00a0<strong>indirect financing<\/strong>\u00a0via Turkish banks, and\u00a0<strong>green economic financing facilities<\/strong>.<\/li>\n<li>Emphasis on\u00a0<strong>capacity building<\/strong>,\u00a0<strong>measurement and verification (M&amp;V)<\/strong>, and\u00a0<strong>standardized products<\/strong>.<\/li>\n<\/ul>\n<\/ul>\n<p><strong>Common Themes and Takeaways<\/strong><\/p>\n<ul>\n<li><strong>Financing remains the biggest barrier<\/strong>, especially for small-scale projects in developing countries.<\/li>\n<li><strong>Standardization<\/strong>,\u00a0<strong>aggregation<\/strong>, and\u00a0<strong>guarantee mechanisms<\/strong>\u00a0are essential to unlock investment.<\/li>\n<li><strong>ESCOs are critical for energy security<\/strong>, especially in crisis contexts like Ukraine.<\/li>\n<li><strong>Awareness and capacity building<\/strong>\u00a0are key to scaling ESCO adoption.<\/li>\n<li>Development institutions are increasingly focused on\u00a0<strong>ambitious, scalable, and replicable<\/strong>\u00a0ESCO models.<\/li>\n<\/ul>\n<p><strong>Conclusion<\/strong><\/p>\n<p>The session highlighted the growing recognition of ESCOs as essential instruments for delivering energy efficiency and climate resilience in developing and conflict-affected regions. Through the experiences of Ukraine, T\u00fcrkiye, and global development institutions, it became clear that while the ESCO model holds significant promise, its success hinges on a combination of enabling policies, accessible financing, technical capacity, and market trust.<\/p>\n<p>Speakers emphasized that standardization, project aggregation, and innovative financing mechanisms\u2014such as concessional loans and guarantee facilities\u2014are critical to overcoming the barriers of small project sizes and limited investor confidence. The role of ESCOs in ensuring energy security, particularly in crisis contexts like Ukraine, was underscored as a powerful example of their broader societal value.<\/p>\n<p>Ultimately, the session called for greater collaboration, knowledge sharing, and institutional support to scale ESCO markets globally. Development partners, financiers, and governments must work together to create the conditions for ESCOs to thrive\u2014not only as service providers, but as strategic partners in achieving sustainable development and climate goals.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]","_et_gb_content_width":"","footnotes":""},"categories":[7,6],"tags":[],"class_list":["post-386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-esco","category-front-page"],"_links":{"self":[{"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/posts\/386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/comments?post=386"}],"version-history":[{"count":5,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/posts\/386\/revisions"}],"predecessor-version":[{"id":422,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/posts\/386\/revisions\/422"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/media\/357"}],"wp:attachment":[{"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/media?parent=386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/categories?post=386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eyoder.org.tr\/eng\/wp-json\/wp\/v2\/tags?post=386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}