Factor4 seals marriage between Sint Niklaas and Luminus

During his keynote, the alderman called the partnership between the city and Luminus a marriage: “We entered into a long-term relationship with Luminus to put those nine buildings in their hands so they can make energy-saving investments there, and provide the necessary maintenance and monitoring.”

The city had Factor4 accompany it in the preparation of the contract. All possible dates of the buildings were inventoried, down to the smallest details. The contract was then put on the market. Luminus Solutions offered the most attractive proposal in terms of savings and investments. The contract started on January 1, 2022 and runs for ten years.

Luminus Solutions is responsible for the energy-saving investments, maintenance and adjustment of the installed installations, monitoring and reporting. Uniquely, residual value is also included in the contract. At the end of the contract term, the residual value of the building must be at least equal to the value at the beginning of the contract. That is, the condition of the building must not decrease. This allows the ESCO to invest in measures with a payback period longer than 10 years, the term of the contract.

"The innovative nature of this EPC project allows us to go the extra mile. It is a vision over a longer period with staggered budgets and proportionally a maximum of energy savings. This gives us more room to implement measures on the one hand and to guarantee much higher guarantees to the city on the other."

Ben Segers

Project Development Manager, Luminus Solutions

Full details about the project can be found on the website of Luminus solutions.