Financing projects for electricity generation from renewable sources

  • Financing of a project – small hydropower plant
  • Financing of a project – photovoltaic power plant
  • Financing of a project – biomass and biogas
  • Financing of a project – construction of wind power plants

The loans are intended for financing projects for electricity generation from renewable sources (wind, water, solar energy, geothermal energy and etc.). A user of the loan has to be a company purposely incorporated for realization of the relevant project. Successive tranche loan in accordance with approved interim certificate by the Supervisory Board. The approved financial amount may be supported by issue of letters of guarantee and letters of credit intended for financing the project supplies. Repayment terms – monthly or quarterly depending on the Agreement

Basic characteristics

Own participation

min 30% of the total investment value of the project

Repayment period

up to 120 months Possibility of 24-month grace period

Currency of the loan

MKD or foreign currency loans

Preconditions to be met to apply for this type of loan:

• Site layout plan
• Valid Construction Permit
• Ownership or coownership of the construction site
• Complete project documentation
• Тo have pre-contracts or letters of intent signed for 50% to 80% of the area intended for issue depending on their own participation

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