BCR has developed a financing solution exclusively dedicated to companies that are developing renewable energy projects for self-consumption.

“The new product is simpler and includes an extended financing period. The amount of financing can be up to 85% of the land purchase value and project implementation costs, including costs from the connection contract or development costs,” said Cristina Sima, Sustainable Finance Manager, Sustainability Department, BCR, at the conference “Digitalization and Energy Efficiency – Cluj-Napoca”, organized by Energynomics.

Other general funding conditions concern the use of the energy produced, at least 50% of which must be used for the beneficiary’s own consumption.

The maturity of this funding scheme, including the grace period, is 8-10 years, depending on project capacity, and the grace period is up to 12 months.

DOWNLOAD THE PRESENTATION OF CRISTINA SIMA

The product is designed for projects with an installed capacity of more than 400 kW per site. For projects with an installed capacity of up to 400 kW per site, a simplified flow regarding approval and associated documentation was designed.

One of the conditions is that the final beneficiary of the project must be a company that has been in continuous operation for the last 24 months. At the same time, the equipment financed will constitute the bank’s guarantee.

The conference “Digitalization and Energy Efficiency – Cluj-Napoca” was organised by Energynomics with the support of our partners ADC, BCR, Elgeka Ferfelis, EnergoBit, Kawasaki Gas Turbine, Noark, Parapet, Photon Energy, Volt