Romanian Exim Bank launched a new guarantee product on behalf of the state that facilitates access to financing for companies implementing renewable energy projects – wind, solar, geothermal, hydropower energy and biomass.
The guarantee can cover up to 80% of the financing value and is granted for new loans intended to cover investment expenses and/or the working capital necessary to implement the investment project in the field of renewable energy, including for loans intended to support projects financed from non-refundable funds, according to the statement from the bank.
Executive President Traian Halalai said that the bank’s expansion of the portfolio of products offered under the mandate of the Romanian state, by launching guarantees for investment projects in renewable energy, supports the bank’s constant efforts to actively support the key sectors of the national economy. The bank is permanently connected to economic developments and the requirements of its customers and, at the same time, considers adjusting its financial instruments to support investments that contribute to the materialization of ESG targets and the creation of value in the economy.
The projects eligible for the granting of state guarantees under this scheme can consist of: the realization of production capacities of electricity from renewable sources and of green hydrogen, the realization of production capacities of batteries for the storage of electricity, cells and photovoltaic panels, of photovoltaic equipment and/or construction materials, as well as in high-efficiency gas cogeneration and/or central heating.
Eligible projects may also consist of the construction of transport, distribution and storage capacities for electricity/thermal energy and natural gas (including in combination with green hydrogen) and the construction of systems for the production of electricity by the method of compressed air and turbines on liquefied gas, for balancing the electrical grids, as well as building household waste processing capacities, which also include the production of electricity with the help of waste derivatives.
