Renewable Energy Promotion Loan/Leasing

RA resident legal entity, individual entrepreneur

implementation of construction, reconstruction, and expansion projects of renewable energy power plants (REPPs).

PV-150 – Solar power plants with a capacity of up to and including 150 kW
PV-500 – Licensed solar power plants generating electricity for own consumption, with a capacity exceeding 150 kW and up to 500 kW
PV-1050 – Solar power plants with a capacity of up to 1050 kW, generating electricity by an autonomous group ***
PV-L – Solar power plants with a capacity of up to 5 MW, licensed by the Public Services Regulatory Commission (PSRC)
Other plants - Power plants constructed based on other renewable energy sources (wind, biomass, geothermal, etc.)
BESS – Battery Energy Storage System projects ****

AMD 

Only for PV-L solar power plant projects with a capacity of up to 5 MW, loans/leasing may also be provided in USD and EUR.

Minimum
500,000 AMD

Maximum
Maximum risk exposure per borrower

AMD: 9-9.5%, USD and EUR: 5.35%

AMD: 9.4-10%, USD and EUR: 5.5%

None

120 months

0-24   months

0.1% daily

0.13% daily

In case of early repayment of the loan, a penalty of 5% of the amount repaid early is applied
Applicable for loans with a contractual amount of AMD 5,000,001 and more

-    In case the interest rates of loans/leases are subsidized within the framework of the "Targeted Program for Promoting Productivity" (Appendix 1) approved by the RA Government Resolution No. 355-L dated March 26, 2020 "On Approval of Targeted Programs for Modernizing the Economy"

Annuity (equal monthly payment of principal and interest)
Equal monthly payment of the differentiated/principal amount and interest/
Individual repayment schedule

Repayment method of the client's choice

1.    Real estate and/or
2.    Guarantee/s.
•    In the case of clients who are legal entities, personal guarantees of the founders of the business and the beneficial owners,
•    In the case of individual entrepreneurs, if the beneficial owner is a third party, the guarantee of the beneficial owner.
3.    Movable property.

Other security measures may also be provided by the decision of the Credit Committee.
In the case of a vehicle pledge, the production period cannot exceed:
✓For Russian-made cars - 5 years,
✓    For foreign-made cars - 10 years.

✓    For the projects listed below, loans/leases within the specified amount are provided only with guarantee(s) acceptable to the Bank.
-    FV-150: 500,000 – 10,000,000 AMD
-    Other stations: 1,000,000 – 10,000,000 AMD
-    BESS: 500,000 – 10,000,000 AMD

✓ Moreover, loans/leases up to 3,000,000 AMD can be provided with 1 guarantee, and loans/leases in the amount of 3,000,001-10,000,000 AMD can be provided with 2 guarantees.

According to Appendix 6

The collateral is subject to valuation by an independent appraisal agency cooperating with the Bank and/or by a Bank employee, depending on the loan amount.
Valuation conducted by a Bank employee is provided free of charge.