Financing of projects for construction of photovoltaic power plants

Purpose

Financing of costs for construction of a photovoltaic power plant for the production of electricity for self-consumption or for the purpose of sale of electricity on the free market.

The investment includes land, technical projects, connection costs, etc.

Advantages

Extended repayment period
Flexibility of collateral requirements and possibility of inclusion under EU and national funding programs
Grace period option for newly built PV power plants
Possibility of financing of VAT for the investment
The carbon footprint and negative impact on the environment is reduced

Parameters

Swipe to view more

	PV power plants for self- consumption	PV power plants for the purpose of production and sale of electricity on the free market
Maximum power of PV power plant	Up to 1 mW	Up to 3 mW
Currency	BGN/EUR	BGN/EUR
Loan amount	Up to 1 mio BGN or EUR equivalent	Up to 2.4 mio BGN or EUR equivalent
Percentage of funding	Up to 80% of the project value (VAT excl.), but no more than BGN 1,000 for 1 kW of installed power	Up to 80% of the project value (VAT excl.), but no more than BGN 800 for 1 kW of installed power
Term	Up to 120 months	Up to 144 months
Grace period	Up to 6 months	Up to 9 months

Other terms

Repayment

Equal annual installments. Monthly installments can be flexible according to the electricity produced

Collateral

the assets subject to the investment
personal commitment from company owners
others at the discretion of the bank
possibility of inclusion under EU and national funding programs

Interest

Variable annual interest rate formed by a reference interest rate and a fixed margin.

Fees

Preferential loan management fee
Other fees are according to the Bank's Tariff

Do you need help?

Our team of experts is at your disposal to provide advice

Find documents relevant for you

Forms, sample contracts, templates, insurance conditions, info-sheets and other useful documents.

Go to find a document