An energy performance contract (CPE) is a commitment made by an energy service company (ESCO), in this case ENGIE Cofely, to reduce the energy consumption of a building. What characterizes this type of contract? ENGIE Cofely has an obligation to achieve results, who pays penalties in the case of under-performance and receives bonuses in the case of over-performance.

ENGIE Cofely, the benchmark

ENGIE Cofely offers its customer its know-how, its technical expertise, its financing solutions and its long experience in optimizing energy consumption. It takes care of the project from A to Z:

• Analysis of consumption,
• Design of customized solutions to improve the energy performance of the building,
• Completion of improvement works,
• Maintenance of the facility to guarantee the energy performance specified at the start.

30% of energy savings

For the Psychiatric Centre of Rekem, for example, the first public sector CPE in Flanders, ENGIE Cofely committed to reducing its customer’s energy bill by 30%. In all, this represents annual savings of 978 tonnes of CO₂.

3,350 tonnes of CO₂ less each year

As part of the RenoWatt project, in the province of Liège, 3,350 tonnes of CO₂ will be saved each year thanks to ENGIE Cofely’s intervention in 27 schools, the Huy Regional Health Centre, sport and swimming pool infrastructures plus a variety of administrative buildings. What does the project cover? Improvements in the performance of the equipment (heating, ventilation, electricity, lighting and renewables) together with the building itself (insulation, glazing and roofing work), plus facility maintenance for a minimum of 10 years. These are contracts on an unprecedented scale for Wallonia. For the 51 sites concerned, ENGIE Cofely has committed itself to a reduction occasionally exceeding a third of the customer’s energy bill, depending on the features of the buildings.

Customised financing solutions

For many CPEs, the works are financed by the service supplier (i.e. ENGIE Cofely), which is paid back on energy savings. This is the case in the Rekem Psychiatric Centre, the De Nekker Recreation Centre and in various buildings of Antwerp province. For the CPEs in Liège province, the investments are made by Huy hospital, the town councils and the province, via RenoWatt, a project supported by the Economic Redeployment Consortium, the Wallonia Region and the European Union.

A win-win operation

"Actively working with our customers on improved energy management is our core business”, explained Stan de Pierpont, Managing Director of ENGIE Cofely. “We are glad to see that energy performance contracts are booming. For our customers, they represent a real opportunity to achieve energy savings without having to invest a single euro. For ENGIE Cofely, it’s the opportunity to confirm our position as benchmark player in the energy transition.”