Shared Savings Contract Structure Sample Clauses

Shared Savings Contract Structure. The "Shared Savings" structure refers to an arrangement where the ESCO (as opposed to the Host) finances the ESCO's turnkey project price and bears the obligation to repay the Lender. Under a Shared Savings structure, the Host commits under an ESA to pay a percentage (or a fixed amount) of the project’s realized savings to the ESCO, which is an amount sufficient for the ESCO to cover the debt service payments to the Lender plus any downstream fees for its ongoing M & V and operational and maintenance services. Because the Host has no direct contractual obligation to repay the Lender, the ESCO not only assumes the Project performance risk, but also assumes the credit risk of the Host by being obligated to repay the Lender even if the Customer does not pay the ESCO the achieved project savings. Due to the increased risk assumed by the ESCO, the Host is typically charged a higher cost for financing the Project. Although the Shared Savings is easier to sell to Hosts than Guaranteed Savings, ESCOs prefer the Guaranteed Savings due to the lower Project risks assumed and the substantially lower capitalization required for them versus what is typically required by Lenders looking for them to support their assumption of the Host’s Credit Risks. The commercial/industrial customers in the North America also prefer the Guaranteed Savings structure because of the lower interest costs.
Sample 1
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Related to Shared Savings Contract Structure

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