Piraeus Repowering

Loans for Small and Medium-sized Enterprises which need financing for the renewal or replacement of fixed equipment of Photovoltaic Systems.
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • Monthly or Quarterly instalments
INTEREST RATE
Variable
Based on

Euribor 1Μ / 3M

OTHER FEATURES
  • Up to 6 months grace period
  • Added services such as insurance coverage
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD
  • Monthly or Quarterly instalments
INTEREST RATE
Variable
Based on

Euribor 1Μ / 3M

OTHER FEATURES
  • Up to 6 months grace period
  • Added services such as insurance coverage

4 reasons to invest in green products for businesses

 1.  Access to financing with preferential terms

Piraeus Bank actively supports Green Entrepreneurship and offers “Piraeus Repowering”, a financing solution for the replacement or renewal of fixed equipment of your Photovoltaic System to increase its productivity, with preferential interest rate and terms depending on the customer's profile and offered collaterals.


 2.  Flexible procedures

We have the necessary green technical know-how to ensure quick and easy financial evaluation, tailored to your needs. We also support you in any necessary decision-making throughout the implementation of the project.


 3.  Sustainable investment

The features of the green business financing and insurance package are designed to ensure positive returns early on in your investment.


 4.  The right move for the environment

With a well-designed business plan and the continuous offered support you contribute both in growing the economy and protecting the environment.


Who it concerns

Small and very small sized Enterprises (turnover up to m€2,5) which need financing for the replacement or renewal of fixed equipment of the Photovoltaic Station to increase its productivity.

How you benefit

  • Combination of financing and insurance solutions
Piraeus Financial Holdings SA, as an insurance intermediary, carries out the activity of distribution of insurance products, in the name and on behalf of the insurance companies with which it maintains cooperation, to provide you with modern insurance solutions for your Photovoltaic Station.

Features

The purpose of this loan is to finance the replacement or renewal of fixed equipment of the Photovoltaic System to increase productivity.

Indicatively:

  • Replacement of all panels and/or
  • Replacement of all inverters and/or
  • Installation of uniaxial or biaxial bases


Loan amount

Up to 100% of the cost of replacing the productive elements of the P/S, with a maximum loan amount:

Working project up to Funding amount up to
100kW €60.000
300kW €160.000
500kW €250.000
1000kW €480.000



Loan Term

Up to 12 years



Interest Rate

Variable interest rate, based on Euribor 1M/3M plus a minimum spread of 3.50%, depending on the collaterals.
Interest rates are also subject to the Law 128/1975 levy.



Repayment

Monthly or quarterly instalments, repaying interest and capital.



Grace period

Up to 6 months. During the grace period only the interest amount is paid.



Disbursement

Partial instalments, upon presenting of invoices/ pre-invoices (on credit or paid).



Mandatory insurance coverage

Mandatory Fire and Earthquake Insurance for the mortgaged property.
Mandatory insurance of the photovoltaic system.

Additional Services

  • Free card issuing - Business Debit
  • Access to winbank e-banking platform services
  • Option for Corporate card issuing
  • Payroll services