How to Finance Sustainability?

Smaller Croatian hydropower plants, solar power plants, biomass and biogas facilities are some of the projects financed by bank loans. Most of the contracted so-called green loans, as explained by Privredna banka Zagreb, actually relate to the renovation of multi-apartment buildings and greater energy efficiency of small and medium-sized enterprises. Domestic banks have focused more on financing sustainable development projects in recent years. For example, PBZ has developed several products specific to energy efficiency and renewable energy projects in collaboration with international development banks over the past four years.
– The credit lines are supported by free technical assistance and non-repayable funds, incentives, as a percentage of the loan amount, ranging from five to 15 percent, which are paid to clients after successfully completed projects. Approximately 140 projects have been financed through credit lines with international development banks so far – say PBZ representatives.

Investment for Savings Addiko Bank offers investment loans for projects related to environmental protection and energy efficiency. In collaboration with HBOR, it offers financing according to its credit programs – environmental protection projects and the energy renovation credit program for buildings. This bank can provide loans for waste management projects, waste processing, and similar investments in renewable energy sources and their utilization, projects related to increasing energy efficiency levels, etc. To obtain a loan, you must submit an application, status documentation, financial reports, documentation on offered security instruments, an investment project or business plan, technical documentation with the relevant permits, cost estimates, offers, pre-calculations, environmental impact studies…

Short and Long Term That financing energy efficiency projects and projects that ensure sustainable development and strengthening the financing of small and medium-sized enterprises is a strategic goal, is emphasized by Hrvatska poštanska banka. The offer for business entities includes loans in kuna for short-term and long-term financing, from which they highlight Green loans for entrepreneurs to finance solar systems for the production of electricity and thermal energy for their own needs, the purchase or construction of low-energy properties, and the improvement of energy efficiency of business properties and/or the entire production process. This bank emphasizes that clients who increase energy efficiency by at least one class are enabled by HPB to reduce interest rates. – Due to natural potential resources, significant underutilization of space for installing solar cells, small hydropower plants, and other types of facilities, less complexity of facilities compared to conventional power plants, but also quite expensive equipment, we believe that the segment of small and medium-sized enterprises should be supported for investment in renewable energy sources, thus strengthening private initiatives in this sector – note Erste Bank representatives.