Energy Performance Contracts as a Project Financing Method* Helin Akbulut Introduction The objectives of the Energy Efficiency Law (“Law”),1 which was adopted in 2007, are listed as the efficient use of energy, prevention of waste, lowering the burden of energy costs on the economy, and increasing efficiency in order to protect the environment. In this regard, Article 3(1)(k) of the Law, defines energy efficiency as the reduction of energy consumption, without any decrease to the living standard and service quality in buildings, and without a decrease in production quality or quantity in industry. One of the models applied by the public and private sector to ensure energy efficiency is energy performance contracts. Article 3(1) (j) of the Law defines energy performance contracts as contracts based on guaranteeing energy savings to be achieved after the implementation project, and paying for the expenditures with the savings that will occur as a result of the implementation. With the project to be implemented within the scope of the contract, it is aimed to reduce energy consumption and related costs. Successful examples of this model are seen in the world, especially in European Union countries. Energy Performance Contracts in the Public Sector Regarding the energy performance contracts signed by the administration, the Resolution on the Procedures and Principles Regarding the Energy Performance Contracts in Public Administrations (“Reso- * Article of February, 2021 1 OG, No. 26510, 02.05.2007.
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