ENERGY SERVICE COMPANIES ARE AN EFFECTIVE TOOL FOR FINANCING ENERGYEFFICIENT PROJECTS
Journal: International Journal of Management (IJM) (Vol.11, No. 5)Publication Date: 2020-05-31
Authors : KSENIIA CHICHULINA; VITALIIA SKRYL;
Page : 252-266
Keywords : energy consumption; energy efficiency projects; energy service companies (ESCO); financing mechanism;
Abstract
The current state of the housing and communal complex, and especially multistorey buildings, is extremely critical. According to statistics, their wear is from 70 %. More than 100 thousand high-rise buildings require immediate modernization. Energy losses in such homes are from 53 %. Taking into account the constant growth of tariffs for housing and communal services and such a level of energy losses, all this has led to such a critical situation that has developed today. In this context, residents of multistorey buildings should independently solve this situation. Attention is paid to the analysis of changes in the legal framework in the field of energy saving and energy efficiency. Problem areas and certain shifts were identified. It is established that the activity of the created energy efficiency Fund is based on Bank schemes for financing energy-efficient projects. And it does not yet use the generally accepted European practice. This is why the article analyzes the mechanisms for financing energyefficient projects both in Ukraine and in European countries. Attention is focused on the use of a financing mechanism such as ESCO, as the most acceptable for Ukrainian realities. Drastic changes regarding the use of this mechanism in practice were noted. The analysis of financing of already existing energy-efficient projects with the help of ESCO companies was carried out. The advantages and prospects of using ESCOfinancing mechanism for multi-apartment Fund for Association of multi-apartment buildings co-owners are revealed.
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