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 up to a maximum of 75% 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 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.

Discover more financing solutions

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

Learn More

Detailed information

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
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.
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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Manage your accounts and cards easily, quickly and safely using our app.  Keep on top of your finances, take advantage of smart alerts and a host of online options such as getting accounts, cards, insurance products or an Express loan.
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Your Business Advisor will propose ideas and provide you with guidance on the options that best suit your needs. With their direct support and specialized knowledge, you can define your goals and set up the right plan to achieve them.
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