Letters of Guarantee for Green Investments

Piraeus Bank offers you the possibility of issuing letters of guarantee on your behalf, to secure the legal contractual or financial obligations of your company to HEDNO and RAE.
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD

___
INTEREST RATE
OTHER FEATURES
  • Amount / Duration according to the L/G issuing purpose
IDEAL FOR
  • Small and Very Small Enterprises
    (up to m€ 2.5 turnover)
REPAYMENT METHOD

___

INTEREST RATE
OTHER FEATURES
  • Amount / Duration according to the L/G issuing purpose

4 reasons to invest in green products for businesses

 1.  Supporting your participation in Green Projects

Piraeus Bank actively supports Green Entrepreneurship and offers “Letters of Guarantee for Green Investments”, a solution for companies which need to issue Letters of Guarantee to HEDNO and RAE.


 2.  Flexible procedures

We have the necessary green technical know-how to ensure quick and easy financial evaluation that is 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) who aim to participate in Green Projects with Photovoltaic Systems.

Features

Purpose

Letter of Guarantee to HEDNO for the good execution of the project and the timely connection of the PV station to the HEDNO Network.


L/Gs Term

Indefinite or up to 2 years


Amount

Equivalent to the product of the rated power of the station (in kW) at a value per kW defined by legislation


Colllateral

Cash in Euro, at rate of 105%.



For projects that participate in tender procedures, additional letters of guarantee are required as follows:

Letter of Guarantee of Participation to RAE (if the PhotoVoltaic is part of a tender procedure)


Purpose

Letter of guarantee to RAE for the participation in a competitive process of RAE.


L/Gs Term

Indefinite


Amount

Up to 1% of the total investment


Colllateral

Cash in Euro, at rate of 105%.



Letter of Guarantee of Good Performance to RAE (if the PV is part of a tender procedure)


Purpose

Letter of Guarantee to RAE to ensure the implementation of the project.


L/Gs Term

Indefinite


Amount

Up to 4% of the total investment


Colllateral

Cash in Euro, at rate of 105%.