Energy Performance Contracting (EPC) allows building owners to upgrade their buildings to reduce their energy demand with two main advantages – a guaranteed level of energy performance over the contract term and the ability to part or fully-finance the project through the energy cost savings.
In 2016, Codema facilitated Ireland’s first local authority Energy Performance Contract (EPC) on behalf of Dublin City Council (DCC), for three of DCC's leisure centres. Since then, Codema facilitated three further EPC projects with the Dublin Local Authorities, namely a second EPC project for DCC, an EPC for three of Dún Laoghaire-Rathdown County Council's Leisure Centres, and an EPC for two of Fingal County Council’s large offices. These projects are now in the services phase of the contract.
Building on this experience, Codema are currently leading the Horizon2020 project, DeliveREE. Within the DeliveREE project, Codema has developed a Project Implementation Unit, which uses a structured, standardised approach to accelerate and aggregate projects. This enables the use of energy performance and energy supply contracts whose performance guarantees are both critical for achieving value for money, transferring risk and providing a mechanism for the involvement of private capital. The DeliveREE project includes a pipeline of 141 buildings, and aims to deliver 9 signed Energy Performance Contacts to a value of €20.4m. The development of these additional projects is already underway. In 2022, there was substantial progress on three projects in Co. Dublin, which are now proceeding to the procurement stage.