We advise Blue Grid Gas and Power S.A. on the formulation of the proposed contractual agreement based on the commercial head terms for the establishment and contracting of Energy Efficiency Contracts by ESCos with commercial clients with a cogeneration plant established at their premises.
The firm after having developed the key legal risk analysis for this type of investment and the analysis of the contractual relations which needed to be implemented given that there is still limited market experience in this type of investment in Greece, we developed the first model agreement in Greece for co-generation function in combination of the application of an Energy Efficiency Contract; nowadays we are monitoring the commercial discussions on a case to case basis with the client.
The speciality of this streamline was that we drafted the first model agreement to be used under the terms of an Energy Efficiency Contract for the saving of thermal energy in large buildings of social function (e.g. hospitals, educational centers, hotels, recreation centers, shopping malls, etc.) combined with the applicability of an “Energy Efficiency Saving Contract”. The advice was depended also to the regulatory environment as applicable for the licensing and commissioning of cogeneration units up to 1 MW and the commercial negotiation of the terms thereof.