Energy Saving and Performance Contracting Market Is Expected to Rise at a Remarkable CAGR by 2024
Energy saving and performance contracting (ESPC) is a type of financing for capital improvement in order to fund energy upgrades from the resultant cost reductions. In ESPC, an external Energy Saving Company (ESCO) implements a project to deliver energy efficiency and repay the costs of the project, which also includes the costs of the investment. In some cases, the ESCO implements a renewable energy project and the revenue from the cost savings is used to reimburse the cost of the...
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