Energy Academy
Building the Case7 / 12

Financial Structures (CAPEX, OPEX, ESCO)

On-balance vs off-balance options; ESCO trade-offs; blended cost of capital.

10 min read


How an energy project is funded shapes its appeal as much as the savings it delivers. The financial structure - whether it sits on the balance sheet, is funded from operating budgets, or is financed externally - determines who bears the cost and risk, and often whether the project happens at all.