Bulgarian Development Bank to provide financing for small PV plants

• State-owned Bulgarian Development Bank (BDB) said on Thursday that it will certainly fund the building of photovoltaic or pv (PV) plants for the demands of neighborhood companies.

The new economic item will certainly be introduced in action to the growing worry of business about skyrocketing electrical energy rates for commercial consumers in Bulgaria and also Europe, along with to the enhanced electrical energy demand, the BDB stated in a declaration.

The bank will offer 15-year loans for the building of PV plants with capability of less than 1 MW. The loans can hide to 95% of the worth of the solar power plants which will aid business dramatically cut their energy costs, the bank claimed.

Companies eligible for financing are small as well as medium-sized enterprises (SMEs). The loans can benefit PV plants that offer the very own electrical power requirements of the particular company or solar power systems offering electricity to consumers.