Qualifying Projects

Administrative process

The owner provides GW with a report on the investment project and the objectives pursued. In this case, the owner previously has an energy diagnosis of their building and an investment project, with the corresponding analysis of its technical, economic and regulatory viability. Ideally, the project has already been completed in accordance with Private Conservation Initiative criteria
GW preliminarily analyses the Investment Plan and validates the information received
Technical Certification Agent performs Due Diligence, and determines the cost baseline and the eligibility of the Investment Project
GW devises a scheme for the financing required, and shares the Term Sheet with the clien
GW and Owner formalize contracting, and the funds from institutional investors, and possible grants, are channeled to the project
The owner carries out the implementation with its own contractors and obtains the required permits, licenses and administrative authorisations. Subsequently, he may carry out the installations with contractors certified by GW
A Certifying PCI Technical Agent verifies the final adaptation of the work (IREE Certificate), and GW makes the disbursements
The investment enters into service and the Owner manages its operation, and repays the loan, which is managed by GW. Energy savings are monitored and verified during the life of the loan
Owner provides GW with access to a portfolio of properties featuring opportunities for energy improvement
GW performs DD and identifies eligible investment projects and assesses energy and economic savings opportunities
GW devises a scheme for the financing required, and shares the Term Sheet with the client
Owner analyses GW’s action alternatives report and Term Sheet, and takes the decision to proceed
Independent Technical Certification Agent ICD performs a review of the investment plans, according to IREE standards

In investment projects over €500,000, an independent Technical Certification Agent will assist the owner during the process, guiding him in the preparation of the documentation and ensuring transparency, consistency and reliability in the estimation of savings.

This is optional 5- or 10-year insurance, with the premium financed within the loan. Issued by a leading insurer, it covers the owner in the event he does not attain the energy savings estimated due to defects in the equipment or installation work done, or errors in the calculation of the initial economic projections used to finance the investment. 

In the event of activation, the loan is paid back, thus protecting the Owner from a potential negative cash flow situation.