Funding for Photovoltaic Systems

The product at a glance

Purpose of funding

We finance the entire cost of photovoltaic and other renewable energy projects with an amount that can be up to 80% of the total cost of the investment and up to €1,000,000 per customer.

Variable interest rate

You can get the financing your business needs at a variable interest rate (base rate Euribor 3M), plus margin and levy. Ν.128/75.

Grace period

You can choose a grace period of 12 months and whether or not to capitalize the interest. The financing duration is up to 13 years, and the installments are debt-free.

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NBG's digital transformation always takes mature and stable steps. This way it becomes a catalyst for us, aiding our operations.

Gianna Ioannidou

Managing Director at All Web Solution SA

Financing in 4 steps

Step 1: Apply at any NBG branch.

You can visit an NBG branch to find out about the funding you want and submit your documents and application.

Step 2: We assess the cost of your investment

After studying your documents, we will check the rationale of the investment cost and the creditworthiness of your business.

Step 3: You are informed of the outcome of the evaluation.

If your application is approved, you will receive the necessary authorizations (in accordance with the applicable institutional framework) and opinions, and you will have to fill in the forms.

Step 4: Signing a contract

Once you have signed the financing contract, we will disburse your funding upon presentation of the required proof of expenditure.

What supporting documents will I need?

Identity card or passport
In order to evaluate your application, we must know more about you. Thus, we need your personal details.
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Other MifiD II documents - questionnaires
You need to sign the agreement and receive all the information forms required under MiFID II (Law 4514/2018) and fill out the investment profile questionnaire.

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Discover more financing solutions

Get access to more financing solutions for your business, such as the asset financing loan.

Detailed information

Am I required to provide collateral to receive the funding?

Several securities are required:

assignment of the Electricity Sales Contract,
assignment of compensation from an insurance cover for mechanical breakdowns (renewed annually) and risks of fire, short circuit, lightning, explosion, vehicle impact, aircraft crash, earthquake, volcanic eruption, storm, flood, hail, ground subsidence, landslide, landslide, and rockslide, frost, avalanche, vandalism, caused by an individual or a group of individuals, theft, and loss of revenue (due to inability to sell electricity)
assignment of contractual claims with the manufacturer/contractor of the PV plant or RES project for the proper operation and performance of the investment throughout the duration of the loan, and any guarantees
assignment of the Representation Contract of article 5 of Law 4414/2016 with the Cumulative Representation Entity ("C.R.E.") or Last Resort Cumulative Representation Entity ("L.L.C.R.E.")

They shall also be taken on a case-by-case basis and in accordance with the approval decision:

Pledging of the financed equipment
Registration of a prefix
Guarantee of natural or legal persons

How much can I get?

Up to 75% of the total cost of the investment and up to € 1 million per customer to implement your investment plans in a Photovoltaic Park and other RES.

What are my options for repaying my loan?

You can have debt repayments with semi-annual interest payments and monthly or quarterly, or semi-annual payments of the principal you have taken.

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Download the NBG Business Mobile Banking app now.

Manage the daily transactions and banking needs of your business easily and quickly, wherever you are.

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