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Monaco Embarks on First Self-Funded Energy Retrofit with Johnson Controls
By: PR Newswire
Nov. 8, 2012 01:00 AM
-- Project will be paid for by energy and operational savings, reducing energy costs by 27 percent
MONACO, Nov. 8, 2012 /PRNewswire/ -- The Principality of Monaco has awarded Johnson Controls, the global leader in building efficiency, a €2 million contract to retrofit five public buildings, decreasing annual energy costs by 27 percent. This contract is the first of its kind in Monaco, called an Energy Performance Contract, which will use energy savings over time to pay for the entire upgrade with guaranteed savings.
"The Principality is demonstrating great environmental and fiscal responsibility by introducing this unique energy performance contract model to the region," said Henri Mardegan, regional director, Energy Solutions, Johnson Controls. "Energy retrofits provide economic and environmental payback and with performance contracting, no upfront capital is needed. If the savings are not achieved, Johnson Controls will pay the difference providing zero performance risk to the Principality."
This contract is fully in line with the Climate & Energy plan of the Principality to improve the energy performance of its 400 public buildings. Johnson Controls will focus on the carabineers' barracks, public safety offices, Rainier III conference centre and auditorium, international meeting centre and Albert I school. Johnson Controls will oversee the project design, equipment installation and maintenance for 12 years as part of the energy performance contract.
This type of energy efficiency program is modeled after successful programs in Germany. A notable example in Germany includes an energy savings partnership implemented by the Berliner Energy Agency (BEA). The program upgraded more than 1,300 facilities in Berlin reaching an average annual savings of 26 percent.
Johnson Controls has changed the way buildings are designed, built and operated, making them more efficient and sustainable for more than 125 years since its founder invented the electric thermostat. Johnson Controls has executed more than 2,500 energy performance contracts globally and has guaranteed nearly €6 million of energy savings for its customers. Johnson Controls is the largest facility management company with 180 million in managed square meters of managed space.
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