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energy performance contracting

as defined in Directive (EU) 2023/1791 of the European Parliament and of the Council of…, Article 2, point (33) (Definitions)

a contractual arrangement between the beneficiary and the provider of an energy efficiency improvement measure, verified and monitored during the whole term of the contract, where the works, supply or service in that measure are paid for in relation to a contractually agreed level of energy efficiency improvement or another agreed energy performance criterion, such as financial savings

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