Yemisi Izuora
The International Energy Agency (IEA) has launched a new web resource dedicated entirely to energy service companies (ESCOs).
Given the need to rapidly and significantly increase financing for energy efficiency, interest in ESCO business models is growing and markets are developing in many countries, with global ESCO revenues up 8 per cent in 2017 compared to 2016.
The IEA’s new ESCO resource, which builds on the comprehensive Global Exchange for Energy Efficiency, features in-depth pages for 30 countries, interactive charts, a resource browser and a wealth of information on the global ESCO market.
The ESCO pages are based in part on an in-depth survey of more than 25 national ESCO associations conducted by the IEA in 2018.
The survey covered ESCO financing models, energy performance contracting, and related policy measures.
The survey also covered 80 per cent of the major emerging economies, (Brazil, China, India, Indonesia, Mexico and South Africa), 80 per cent of the G20, and 60 per cent of IEA member countries.
On Thursday February 21, the IEA hosted a webinar outlining key outcomes and providing an overview of the new ESCO resource.