Market Report Publication
Publication date: 20 April 2016
In the end of January, project partners have published a market report for each country participating in Trust EPC South, as well as a general overview for all countries.
The objective of this report was to provide a synopsis of the insight on the current Energy Performance Contracts (EPC) market in the tertiary sectors of Croatia, France, Greece, Italy, Portugal and Spain.
Over 180 interviews were carried out with the tertiary sector representatives, EPC providers or facilitators and financial institutions in order to understand the market perspective of all key stakeholders.
From the point of view of both tertiary sector stakeholders and EPC providers, main barriers are related to the lack of trust in the EPC business model. To improve this situation, the development of specific trainings in the tertiary sector was highlighted as the potential solution.
Financial institutions in all six countries have shifted their interest, due to stagnation in core business divisions, to alternative (supported by EU and national policy) investments. However, due to an underdeveloped legal framework and the lack of guarantees, EPC based projects, as one of alternative investment streams, are still perceived as a lucrative but risky opportunity.
Additionally, the market potential for EPC projects in the tertiary sector has been estimated. Results show that by 2020 this market could surpass the 40 Bn€ mark. The highest potential is found in France (almost 20 Bn€), Spain (10 Bn€) and Italy (9 Bn€). Portugal’s, Greece’s and Croatia’s smaller potentials are related to lower energy consumption, and current absent EPC market, among others.
When talking about tertiary sector segments that represent realistic and expected targets until 2020, hospitality can be viewed as the most appealing one (particularly in Greece, Portugal and Italy, and in some smaller degree in Spain, France and Greece). Office buildings also represent an important opportunity in Croatia and France. Moreover, large hospitals have been identified as an important market possibility in Portugal, Spain and Greece.Subscribe to Trust EPC South bimonthly newsletter