1 / 6

TowerWise

TowerWise.ca. Energy Savings Purchase Agreement TEEAC Presentation. About TAF. Toronto City Council created the Toronto Atmospheric Fund (TAF) in 1991 $23 million endowment for grants & mandate- related investments Helping Toronto meet its

lorin
Download Presentation

TowerWise

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. TowerWise.ca Energy Savings Purchase Agreement TEEAC Presentation

  2. About TAF • Toronto City Council created the Toronto Atmospheric Fund (TAF) in 1991 • $23 million endowment for grants & mandate- related investments • Helping Toronto meet its GHG emission reduction targets

  3. Energy Costs ($) Savings kept by Corp Pre- Project Energy Costs Savings used to Pay TAF Post-Project Energy Costs Financing Term Time Energy Savings Purchase Agreement The ESPA is a new financing structure developed by TAF to help buildings finance energy efficiency upgrades. TAF will pre-purchase the projected energy savings from the project, providing the funds to purchase and install the equipment.

  4. ESPA: Roles and Responsibilities

  5. ESPA - Benefits • Key Benefits: • Designed to be cash flow positive from day one = pay for costs without an immediate payback • Payments pro-rated to verified energy savings • Unlike a loan, there is no lien on the property • Leaves owners own fund intact to pay for other projects • Commissioning and re-commissioning provided to ensure that new equipment is installed and operating correctly • Partnership with a not-for-profit municipal agency

  6. Questions? Tim Stoate – VP Impact Investing – 416-393-6368 tstoate@tafund.org Bryan Purcell Manager, Incubation and Social Innovation 416.393.6358 bpurcell@tafund.org www.toronto.ca/taf

More Related