News

Crédit Agricole finances energy efficiency in agriculture

Published

January 14, 2016

Comments

0

Share

Published:

January 14, 2016

Comments:

0

Share

A line of long-term loans was launched by Crédit Agricole banka Srbija a. d. for investment in projects of energy efficiency and renewable sources in agricultural production. They are denominated in euros and are approved for up to 60 months with an optional grace period of a maximum of 12 months. The bank said the loans are worth more than EUR 5,000 and the participation is up to 20%.

The credit line is designed for the purchase of energy efficient equipment and agricultural tools which apply improved systems for processing to reduce energy consumption in field work. Heating, cooling and irrigation systems are included. Financing can be used for materials, pumps with electronic regulation, solar panels and heat pumps.

The loans can be used by registered farms, cooperatives and enterprises and entrepreneurs which generate more than 50% of income from agricultural production. The line is launched in cooperation with the Guarantee Fund of Vojvodina, which secures the guarantee, the bank said.

 

Related Articles

mercom top solar developers total

Who is largest solar developer in world? Oil supermajor

06 December 2023 - Of the top ten global solar developers, six are based in Europe, three in North America, and one in South Asia, according to the latest report

vetropack straza koer virtual power plant

Vetropack Straža joins KOER virtual power plant

05 December 2023 - Technology company KOER launched the first virtual power plant in Croatia in February 2022, becoming the first aggregator

Montenegro EPCG Zoran Sljukic acting CEO

Montenegro’s EPCG appoints Zoran Šljukić as acting CEO

05 December 2023 - Chief Technical Officer of Montenegro's state-owned power utility EPCG Zoran Šljukić became acting CEO, replacing Nikola Rovčanin

Initiative Coal Regions Transition Western Balkans Ukraine leave behind

How can energy transition be just to people in coal regions

05 December 2023 - The authorities must act before people leave, according to the speakers at the annual meeting of the Initiative for coal regions in transition in the Western Balkans and Ukraine