You deliver the renovation, we step in with financing after results are verified.
We take on the financial risk so you can focus
on performance and scale your impact
We take on the financial risk so you can focus
on performance and scale your impact
Your ESG investment - you fund real improvements.
We structure the deal, verify performance,
and deliver long-term, low-risk returns backed
by Energy Performance Contracts
We structure the deal, verify performance,
and deliver long-term, low-risk returns backed
by Energy Performance Contracts
OR
LABEEF – Latvian Building Energy Efficiency Facility
Private investment fund offering long-term financing EPC+ to implement deep building renovations.
- Guaranteed performance
- Guaranteed performance
- Affordability
- Affordability
- Long-term financing
- Long-term financing
Renovation Service Provider
Investor
What is LABEEF
A financing institution that cares about the performance of projects
- Contract templates to simplify the process for everyone
- Rates that match the low-risk level
- Guaranteed level of energy savings
- “Safety, health and comfort” measures
- Guarantees for the whole term of the EPC+
- Disburses funds only based on achieved and verified results
How It Works
The LABEEF Process in Seven Clear Steps
Apartment owners collectively decide to undertake a comprehensive renovation using an Energy Performance Contract Plus (EPC+). They then select a qualified Renovation provider (know also as an Energy Service Company -ESCO) to implement the renovation
Decision to Renovate
1.
The chosen Renovation provider submits a detailed renovation plan to LABEEF. LABEEF reviews the project's eligibility, provides standardized contracts, and offers a conditional financing commitment
Project Application
and Approval
and Approval
2.
With LABEEF’s conditional financing as collateral, the Renovation provider arranges short-term financing through commercial banks to fund immediate renovation activities
3.
Short-Term Financing Secured
The EPC+ is a long-term agreement (typically 20-30 years) between the apartment owners and the Renovation provider. It specifies guaranteed energy savings, comfort standards, and performance obligations. The Renovation provider commits to achieving these standards and assumes performance risk
4.
Signing the EPC+
After completing the renovation and operating through a full heating season, an independent verification assesses whether the guaranteed energy savings and comfort standards specified in the EPC+ have been met
5.
Renovation
and Independent Verification
and Independent Verification
Upon successful verification, LABEEF purchases the future receivables (the rights to future payments under EPC+) from the Renovation provider. This transfers financial risk to LABEEF, allowing the ESCO to repay the short-term loan and invest in new projects
6.
LABEEF Purchases EPC+ Receivables
Apartment owners make regular repayments directly to LABEEF over the term of the EPC+. LABEEF continuously monitors the building’s performance to ensure compliance with agreed-upon standards for energy savings and comfort, maintaining long-term "Safety, Health, and Comfort."
7.
Ongoing Repayment
and Monitoring
and Monitoring
Potential Solutions
Building Trust
- Standardised methodology and documentation(contracts, templates) and includes measurement and verification protocols as well manuals.
- Energy performance contracts with guaranteed savings.
- Third-party validation of results.
Why LABEEF
- Case studies and demonstration projects with transparent reporting.
- Improved communication and education for all stakeholders.
- Financial models that allocate risks among stakeholders to those who can manage the specific risk: performance to service companies.
Let’s Talk
Ready to discuss your renovation project, partnership, or investment? We’d love to hear from you.
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LATVIAN BUILDING ENERGY EFFICIENCY FACILITY, AS
2025
Aleksandra Čaka street 52-37, LV-1011, Riga, Latvia
Gunta Cekule
Steven Fawkes
Asen Charliyski
Steven Fawkes
Asen Charliyski
