Energy Managers Not Tapping into Third Party Financing
According to Noesis Energy’ second annual energy projects survey, 48 percent of surveyed energy managers – despite the fact that they said 64 percent of their projects do not get approved because of lack of budget – never include options for third party financing.
For surveyed project developers, 30 percent never include third party financing, 47 percent sometimes include third party financing, and only 23 percent always include it as an option. In summary, many projects are not getting approved because there’s no budget, but those proposing the projects are not offering alternative ways to fund them.
For those who responded that they never include options for third party finance, 56 percent of project developers said it was because they didn’t know enough about it. Conversely, for energy managers, they cited ‘no need’ for not including it, implying they only funded out of internal capital budgets.
- Sustainability Reporting for Commercial Real Estate: GRESB
- Top 3 Reasons to Calculate Your Environmental Footprint
- Six Essential Steps to Drive Effective Energy Management
- How "Fixed" is the Fixed Price Product?
- How to Use Lean Tools to Cash In On Environmental and Energy Savings
- 2014 Insider Knowledge Report
- Sustainability Careers: Unlocking Hidden Employment Potential
- NAEM Trends Report: Planning for a Sustainable Future
- 2014 Environmental Leader Product and Project Awards
- Essential Guide to Lighting Retrofits and Upgrades
- Energy Efficiency Requires Engineering Efficiency
- Integrated Building Optimization: A Crucial Convergence of Demand-side and Supply-Side Energy Management Strategies
- Driving Productivity and Profit with Industrial Energy Management
- Energy Procurement in 2014: Products & Programs to Optimize Savings
- BUYING STRATEGIES IN A VOLATILE MARKET: What Businesses Need to Know about Retail Electricity Procurement