Athens/ Volos 15-09-2009. RSEnergy Hellas Solartechnik Ltd. has developed a tool for financing photovoltaic parks up to 75%. This financing tool comes in the right time as it assists investors who havenʼt been yet subsidized by the government or have yet to apply for subsidy for their project(s).
The financing incorporates two steps. The first involves the assignment of the subsidy and the second the assignment of the contract rights with the PPC grid authority. The final interest rate with todayʼs standards is around 4.1%. This method of financing secures the investor for on time project delivery and even more importantly the connection to the grid. There are already 4 projects on their way, totaling 400 kWp of installed power, and in the time to come investors are expected to express an even higher interest.
