Pierre Langlois, Econoler, will present SOFIAC France, which is an adapted spinoff of SOFIAC Canada and one of the first Super ESCOs in France and Europe. SOFIAC is financed by ADEME Invest (French public investment fund) and Mirova, with 215M € of investment capacity. Designed as an innovative initiative to eliminate all barriers related to deep retrofit projects in private sector facilities, and structured around an equity and debt structure coming from major financing financial actors in France, SOFIAC has demonstrated the interest in the use of the Super ESCO model in France but also the limitations of this model given the current legal, regulatory and financing environment in Europe

Nicholas Stancioff will present LABEEF, a private fund which buys the future cash flows of project developers which have invested in energy performance contracts for the renovation of multifamily buildings. This allows small project developers to recover their equity and to invest in additional projects. LABEEF is operational since 2018 across six Latvian multifamily buildings, with zero defaults to date. It was the EBRD's first project where the counterparty risk was not a legal entity. Nicholas Stancioff will present LABEEF's Augmented EPC (EPC+), a contractual architecture structured as a subscription service with payment in kind through guaranteed energy savings.  

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