Financing projects for construction of plants and facilities for production of electricity using renewable sources.
Credit financing of plant construction for production of electricity using renewable energy sources is approved to newly established companies established for implementation of a specific project (Special Purpose Company), and which have in line with the Law qualified as participants in the construction of facilities.
Financing good-quality projects by our bank, you can provide realistic and secure income.
About financing project
Sberbank finances construction of plants and facilities for production of electricity using renewable energy sources. The purpose of plants is connection to the electricity distribution network in order to sell electricity, and in accordance with the Energy Law and separate regulations:
Regulation on Incentives for production of electricity using renewable energy sources and combined production of electricity and thermal energy;
Regulation on conditions for obtaining the status of privileged power producer and criteria for evaluation of compliance with these requirements;
Who can submit an application for financing?
For loans intended for construction of plants for production of electricity using renewable energy newly established enterprises can apply, which are established for the purpose of implementing projects with special purpose (Special Purpose Company - SPC). Founders of the company may be legal entities and physical persons, and condition is that the company has in accordance with the Law on Planning and Construction qualified as participant in the construction of the facility. In exceptional cases, loan application may be submitted by the company with proven experience in this field.
Participants in loan execution
Special purpose company (SPC): newly founded legal entity or company / Bank’s client (Client)
Consultant - supervisor: a person hired to perform the services of project evaluation and supervision of construction, or the company that confirms current status of the facility and the amount of interim payment
Principal capital of the company-client makes an estimated market value of the location on the basis of construction potential (possible income approach), property, money, rights, all documents related to the project, and which are entered and registered as share capital of the company. The participation of the client in the project may be in the form of ownership of the land plot, the right to build, assets invested in investment and technical documentation, liabilities paid to the local government, money, etc. and cannot be less than 30% of the total investment value.
Consultant - supervisor of the projectis a company determined by the Bank, and expenses connected with its engagement are borne by the Client. Prior to approval of the loan by the Credit Committee of the Bank, the Client is obliged to submit the report for review - expert opinion of the Consultant. The report should contain the following:
Opinion on reviewed technical documentation and permits obtained
Evaluation of the plan for project implementation
Technical and economic analysis
For more information about this offer please visit the nearest branch of the Sberbank or contact our Contact Centre at +381 11 2257 498