News

Loan guarantees for equipment for renewables and efficiency

Published

April 29, 2015

Comments

0

Share

Published:

April 29, 2015

Comments:

0

Share

Guarantee Fund of Autonomous Province of Vojvodina said it started a new line for the approval of long-term loans for energy-efficient equipment as well as gear for the use of renewable sources.

The guarantee potential is RSD 200 million (EUR 1.66 million), with a possibility of expansion. The programme was supported by five banks. Loans can be used by micro, small and medium enterprises, entrepreneurs and owners of registered farms from Vojvodina. The loans are worth up to EUR 250,000 for a maximum period of seven years.

Farmers and entrepreneurs can buy the most advanced machines which use a minimum of energy, and the gain doubles because they will have smaller expenses while the use of these energy sources takes the load off state infrastructure, claims Goran Vasić, the Guarantee Fund’s director, adding the loans are favourable.

Related Articles

Romania renewables statistically attributed Netherlands

Romania’s renewables can statistically be attributed to Netherlands

28 June 2022 - The EU enables countries to pay other member states to formally make up for shortfalls in achieving own green energy targets

offshore-wind-installation-vessels

EU faces challenges in delivering on ambitious offshore wind target

28 June 2022 - The ambitious target could prove challenging due to expected shortages of specialized offshore wind installation vessels

NASA-fission-nuclear-moon

NASA sets out to develop nuclear power plant on the Moon

28 June 2022 - Success in building such power systems would pave the way for long-term missions on the Moon and Mars, NASA said

EU energy ministers targets renewables energy efficiency

EU energy ministers aiming at more ambitious renewables, energy efficiency targets

28 June 2022 - The Council of the EU wants to boost the renewables and energy savings targets via the Fit-for-55 package, which depends on upcoming talks