Law Office Spridzāns develops Energy Performance Contracts Securitization Financial Instrument
Law Office Spridzāns has assisted Latvian Baltic Energy Efficiency Facility (LABEEF) and developed EPFI, a derivative financial instrument for funding any long-term performance-guaranteed projects. The facility was set up by a group of private investors and co-financed by EBRD. The transaction totaled 800 thousand EUR and financed 6 residential housing projects developed by Invesco, a subsidiary of renovation, operation and maintenance specialist company Renesco.
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