So-called Super ESCOs, which are initiated and generally financed by the public sector to serve other public-sector entities, are a growing phenomenon with particular advantages in dealing with other public entities, partly because by their very nature they may escape the restrictions that otherwise pertain to private entities and may be better placed to secure access to the public clients’ cash flows that are to finance the ESCO contracts. But even Super ESCOs may find that the private sector is easier to work with and may venture into competition with private ESCOs, leading to potential market conflicts. A level playing field is necessary. At the same time, Super ESCOs are ideal carriers of best practices due to their often superior access to concessional financing through multilateral channels.
In this webinar, Stephane le Gentil, CEO of Wattaqa, explores the still few examples of functioning Super ESCOs and the way they work based on his intricate involvement in the development of most of them. Although extracting best practices may still be difficult, Stephane elaborates on central principles and also points to the way forward for using Super ESCOs to drive the market forward.