10 May 2021 1 minute read
In today's linear economy, it's all about ownership and risk transfer. For climate reasons, however, we need to move towards a circular service economy where use is more important than ownership. In a circular service model, the ownership of a product no longer rests with the user, but with the producer: the one who knows the most about the product and who should remain responsible for its functioning, energy consumption and reuse of raw materials.
Climate change is rightly high on the agenda in The Hague, in Brussels and among companies and financial institutions. The energy transition and the transition to a circular economy are important levers. In practice, however, our laws and regulations do not always match our ambitions. Solar panels on the roof of a rental property, for example, hardly got off the ground because it seemed too complicated and risky for the parties involved.
A committed team from Allen & Overy Amsterdam found a contractual solution that makes it much easier for building owners, developers and producers of solar panels, financiers and VVEs to use their roofs for the energy transition: risk-free financing. In the short explainer video below we explain how this solution works. We also show that this solution can be widely applicable: everything that can be connected to a building in a sustainable manner can be financed without risk with our contractual solution. It opens the door for Product-as-a-Service for elevators, air-conditioning systems, lighting and even CO2-neutral facades - so important in the transition to a circular economy. Scaling-up also becomes easier: large distribution centers, warehouses; all those roofs can be filled with solar panels.
Please watch the explainer video below and do not hesitate to contact us if you want to know more about how risk-free financing can work for your organization.
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