Businesses wishing to invest in PV power generators can apply for the following NBG products:
- Business Multiloan or Fixed Asset Loan (amortized)
- Working Capital financing against state subsidization.
A. Business Multiloan (interest amortized) or Fixed Asset Loan (amortized)
Purpose:
The loan is available for purchasing mechanical equipment, specifically for financing the purchase, installation, connection to the Public Power Corporation network of PV power generation equipment, and other related expenses.
Loan amount:
Up to 75% of the value for investment projects not included in regulated programmes, or up to the level specified by the relevant regulatory decision for investment projects included (or pending inclusion) in the programme regulated by Development Law 3299/2004, as currently applicable.
Term:
Up to 13 years, with grace period option.
Repayment:
Through the sales proceeds of the power generated, in equal monthly instalments, or as provided for under the investor’s relevant contract with the Public Power Corporation.
B. Working Capital financing against state subsidy
Purpose:
Working capital financing against state subsidy.
Loan amount:
Up to 100% of the subsidy specified under the relevant regulatory decision for projects included in the programme regulated by Development Law 3299/2004, as currently applicable.
Repayment:
Through interest-only payments (interest posted as at 30 June and 31 December). The principal is paid up through the subsidy within twelve (12) months from disbursement of the funds at the latest.
Charges and fees:
a) One-off review charges per project:
- €1,000 for PV power generation units with total capacity up to 100 KW
- €10 per kW of power produced for PV generation units with total capacity over 100 KW
b) Annual fee of €1,500 (per PV power unit) for management of the respective pledge over the solar power sold, for the entire term of the loan.
Interest rates
Α. Business Multiloan (interest amortized) or Fixed Asset Loan (amortized)
You can choose from the following options:
- Base floating rate for fixed asset loans
- Fixed rate for 3, 5 or 7 years
- Floating rate (1M, 3M or 6M Euribor)
- Interbank market rate (applicable only for Fixed Asset Loan)
Β. Working Capital financing against state subsidization
You can choose from the following options:
- Base floating rate for working capital financing
- Floating rate (1M, 3M or 6M Euribor)
- Interbank market rate
The above rates are subject to interest rate margin and charges under Law 128/75.
For further information on rates and charges click here.