ELIGIBILITY

Types of projects:

• Purchase and installation of equipment, systems and processes utilising renewable energy resources for generation of electricity and / or heat and / or cooling and / or any other form of energy replacing fossil fuel resources.
• Investments supporting bio-fuels (biodiesel and bioethanol) for transport based on food chain are excluded.

Requirements:

• Simple pay-back period: below 15 years (at prices at the time of loan approval)
• Generated electricity: Minimum of 1 kWh per annum per 1 EUR of Investment Cost.
• For wind turbines: installed capacity utilisation rate must not be lower than 0.22.
• For run-of-river hydropower plants: installed capacity utilisation rate must not be lower than 0.25.
• Financial viability of all renewable energy projects: positive Net Present Value over 15 years (calculated using a discount rate applicable for such type of investment).

EXAMPLES OF PROJECTS

• Small run-of-river hydropower plants with an installed capacity not exceeding 5 MW (subject to prior environmental compliance approval),
• Installation of wind turbines with a collective installed capacity not exceeding 10 MW (subject to prior environmental compliance approval),
• Biomass combustion systems generating heat and / or electricity (biomass sustainability assessment required)
• Solar-thermal water systems for the production of hot water for processes and / or space heating / cooling and / or sanitary water heating
• Solar-thermal low / high temperature drying systems
• Geothermal energy utilisation with / without heat pumps (drilling and pumping test)
• Biogas stations and / or engines (agriculture, municipal, industrial waste, sewage treatment)
• Solar photovoltaic power plants with installed capacity up to 2 MW
• Geothermal energy with / without heat pumps (drilling test)

Please contact the MorSEFF team to learn more about financing of stand-alone small-scale renewable energy projects.