Funding for photovoltaic systems

You can receive funding to purchase mechanical equipment and cover the costs of building a photovoltaic station and other Renewable Energy Sources (RES).

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 75% of the total cost of the investment and up to €1,500,000 per customer.

Variable interest rate

You can get the financing your business needs at a variable interest rate (base rate Euribor 3M) and fixed interest rate, 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 15 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 approve your application, we must know more about you. Thus, we will need the personal details of the legal representative of the business.
Financial data for 2 years
You will have to procure the financial data of your business.
Solemn declaration
You must submit a solemn declaration stating: Your non-participation in other businesses or If you do participate in other business, the full details of said businesses, etc.
Required documentation
We have to know your investment plan in order to support it in the best possible way. You must submit it pursuant to NGB’s standardized template.

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

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Detailed information

Am I required to provide collateral to receive the funding?

Several securities are required:

assignment of the Electricity Sales Contract and assignment of the Representation Contract with the Cumulative Representation Entity ("C.R.E.") or Last Resort Cumulative Representation Entity ("L.L.C.R.E.")
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.

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

Registration of a prefix
Cash collateral
Guarantee of natural or legal persons

How much can I get?

Up to 75% of the total cost of the investment and up to € 1,5 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.

Digital Banking is now simpler than ever

Download the NBG Business Mobile Banking app now.

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

View all of your business’s products, make transfers and remittances, pay bills, personalize your home screen according to your needs and manage all approvals, online, from your mobile.

Funding for photovoltaic systems

The product at a glance

Purpose of funding

Variable interest rate

Grace period

“

Financing in 4 steps

What supporting documents will I need?

Discover more financing solutions

Detailed information

Digital Banking is now simpler than ever

Download the NBG Business Mobile Banking app now.

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