St James’ Hospital energy saving deal with Veolia
Arthur Cox is pleased to have advised St James’ Hospital on a 20-year contract with Veolia to overhaul its energy performance, reduce its annual electrical consumption by up to 26% and deliver €26 million in savings.
10/12/2020
Deals
The transaction involves the installation of energy-saving facilities using an “ESCO” energy service concession type model where the capital cost of installing more efficient energy facilities is more than offset by the reduction in energy costs and usage over a long term concession.
The Arthur Cox team was led by Aaron Boyle (Infrastructure, Procurement, PPP and Project Finance) and included Ciara Dooley (Construction and Engineering) and Kate Fagan (Litigation, Dispute Resolution, and Investigations).
