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For renewable energy

Elektrum

Offers a well-thought-out and modern solar panel solution which includes:

  • solar panel modelling (exclusive to Elektrum) and property power consumption analysis
  • handling all the paperwork
  • delivery and installation of the set of panels
  • a personal customer consultant
  • insurance during the first year (exclusive to Elektrum)

Special offer!

Elektrum Solar black panels for the price of standard solar panels!*

  • Black colour of panels - attractive appearance for any roof
  • Homogenous structure - without the usual grid, with a black aluminium frame
  • 15-year warranty - for your peace of mind
Find out more

* When contacting the seller, let them know that you’re a Swedbank customer. The offer is valid if the solar panel purchase agreement is signed by 31.03.2021.

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AJ Power

The largest private group of energy companies in Latvia combining the broadest and most modern service portfolio with the most experienced energy experts.

Full-cycle installation of solar panels, preparation of the technically and economically most viable individual solution. Professional energy project management from start to completion. Cooperation with globally recognised manufacturers of solar panels and invertors.

Enefit

Enefit, a subsidiary of the Estonian national energy company, offers a full-range service. Based on the household’s electric power consumption data, we will find a solution that best satisfies your needs, request all the necessary permissions, and install the solar panels. We have a long-term pan-Baltic experience with over 55,000 solar panels already installed. What’s more, we’ll buy your electric power not used for own consumption which will enable you to earn from the energy produced.

Start producing renewable energy at your company

  • Loan for purchasing and installing solar panels, wind turbines, heat pumps.
  • Unsecured loan is possible, with a fixed rate of 5.9%.
  • Renewable energy production allows for both lower energy bills and sustainable development.
Minimum sum of loan - 5000 EUR. Alternative for smaller ammount – Business Credit Card.

The calculated monthly payment is for information only and gives an approximate idea. The calculation is for information only. In the event of the variable component of the interest rate (6-month EURIBOR) applied to the financing increasing to 1.831% (historically highest 6-month EURIBOR value within past 10 years), the monthly payment would be 254 EUR

  • 0EUR
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Loan payment schedule sample

Payment Balance Principal repayment Interest payment Monthly payment
0 0.00 0.00 0.00 0.00
  • For purchasing and installing solar panels, wind turbines, heat pumps for the own consumption of a company.
  • In order to find the best solar panel, wind turbine or heat pump solution for your company, please contact the suppliers.
  • Loan amount from 5,000 EUR.
  • Term up to 5 years.
  • Annual interest rate:

    • Without collateral up to 25,000 EUR, fixed rate of 5.9%.
    • With collateral (real estate property, commercial pledge) - on a case-by-case basis.

As a precondition to applying for the financing, the corporate customer must have been carrying out business activities for at least 12 months.

  • Company turnover or owner's surety.
  • European Investment Fund guarantee programs EaSI or COSME.
  • ALTUM guarantees.
  • Mortgage on real estate property, commercial pledge or agricultural land.
  1. Consult with the supplier’s experts on the cost of purchase and installation.
  2. Fill out the application via internet banking. We will contact you within 2 business days.
  3. Sign the agreement via internet banking or book a time at a Swedbank branch.
  4. If necessary, register the collateral and procure insurance.

Important! After signing the agreement, the borrower has 90 days to submit a document proving the transfer of the loan amount for the purchase and/or installation of solar panels, wind turbines or heat pumps.

Loan

Service Price, EUR
Up to EUR 200 000 Above EUR 200 000
Applying
Management fee If signed via Internet Banking – 1% of the total amount, min. EUR 100.00
If signed at branch – 1.5% of the total amount, min. EUR 150.00
On case-by-case basis, min. EUR 300,00
Real estate valuation by Swedbank, approval of appraised market value Real estate valuation is prepared in abbreviated form and is not suitable for presenting to other credit institutions, and cannot be used for the needs of other individuals or legal entities 30,00 - 1000,00 Detailed Swedbank real estate pricelist
Using
Fee for non-used credit limit (% per annum) If the loan is guaranteed by real estate or commercial collateral. 0,50%
Increasing the loan amount If signed via Internet Banking – 1% of the additional amount, min. EUR 100,00
If signed at branch - 1.5% of the additional amount, min. EUR 150,00
On case-by-case basis, min. EUR 250,00
Extending the loan repayment period If signed via Internet Banking – 1% of the total amount, min. EUR 100,00
If signed at branch - 1.5% of the total amount, min. EUR 150,00
On case-by-case basis, min. EUR 250,00
Processing of other changes and contractual amendments Up to 0.5% of the outstanding amount, min. 150,00
Change of loan currency, change of interest rate type If the loan is guaranteed by real estate or commercial collateral. 1.5% of the outstanding loan amount
Full or partial early repayment of the loan 1.5% of the outstanding loan amount
Preparation and issuance of standard loan extracts and bank references 25,00 - 50,00 + VAT Standard - 25,00 + VAT
Urgent - 50,00 + VAT
Preparation and issuing of bank’s consent upon client's request On case-by-case basis, min. 30,00 + VAT If the Bank’s consent needs to be notarized, then, in addition to the fee, the Customer will cover the expenses of notary services.
Monitoring of the loan in connection with insurance of the collateral If the loan is guaranteed by real estate or commercial collateral. 145,00 - 285,00 if liabilities secured against this collateral:
- are less than EUR 1.5 million - 145,00
- exceed EUR 1.5 million - 285,00
Lease agreement approval If the loan is guaranteed by real estate. 50,00 - 200,00
Fee for registration of mortgage in branches of Land Register of Riga city or district on client's behalf If the loan is guaranteed by real estate. 35,00 The fee is withheld if the client wishes to use the services of Bank's courier.

Effective from 19.08.2020.

Elektrum

Electrum – an established and reliable long-term partner in deals with the sun. With us, installing and using solar panels will be simple and high-quality.

AJ Power

The most experienced full-cycle installer of solar panels in Latvia. Cooperation with globally recognised manufacturers of solar panels and invertors.

Enefit

Without worries from idea to execution - 100% green energy, reduced cost of electricity, and an opportunity to earn from energy not used for own consumption. From Enefit, you’ll get top-quality solar energy panels and equipment on top of support provided by experienced specialists.

Contracts entered into between the European Investment Fund (EIF) and Swedbank enable us to provide loans and leasing services to micro, small and medium-sized enterprises in Estonia, Latvia, and Lithuania. The EIF aims at helping to finance and carry out investments in the European Union and ensuring greater access to capital. The guarantee programmes also help to finance necessary investments if an enterprise does not have sufficient collateral.

EaSi guarantee

The objective of this program is to increase access to finance for micro-enterprises by offering additional guarantee from EIF.

Requirements for using the EaSI guarantee

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is up to 25 000 EUR
  • The company has up to 9 employees.
  • Annual turnover is up to 2 million EUR or the balance sheet total is up to 2 million EUR
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application form here.

The supported financing benefits from the support of the European Union under the Guarantee Facility established under Regulation (EU) No 1296/2013 of the European Parliament and the Council establishing a Union Programme for Employment and Social Innovation (EaSI) and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

COSME guarantee

Requirements for using the COSME guarantee

  • Fixed assets and working capital are financed.
  • The maximum amount to be financed is 1.5 million EUR
  • The company has up to 249 employees.
  • Annual turnover is up to 50 million EUR or the balance sheet total is up to 43 million EUR
  • The guarantee is free of charge.

To get the EIF-supported financing, ask your contact person in the bank or fill in an application form here.

This financing is made possible thanks to the Guarantee that has been provided by COSME and the European Fund for Strategic Investment (“EFSI”) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.

Swedbank and development financial institution ALTUM have signed a cooperation agreement on implementing a new state support financial instrument — portfolio guarantee.

The Portfolio Guarantees Programme is intended for small and medium-sized enterprises (SME). In the Programme, Swedbank plans to grant finance in the amount of EUR 11.7 million to 200 companies till July 2020.

If the existing company's collateral is not sufficient for a bank loan, this guarantee can help.

Conditions for granting the finance:

  • Maximum finance amount up to EUR 250,000
  • Eligible to the finance are investments in fixed assets and current assets
  • Lower loan interest rate
  • Guarantee's premium:
    0.8% per annum if the finance period is under 2 years
    1.42% per annum if the finance period is over 2 years
  • Fast handling process

If the amount to be financed exceeds 250 000 EUR, Swedbank offers setting up ALTUM's individual credit guarantee.

To receive finance with ALTUM guarantee, please contact your contact person at the bank or fill out the application here.

Finance under this Programme is considered de minimis support in accordance with Commission Regulation (EU)1407/2013 of 18.12.2013. Cabinet Regulations 537 of 10 .09.2017 on portfolio guarantees to facilitate lending to micro, small- and medium-sized businesses. More information on who can receive the ALTUM guarantee is here.

To find out which financing option would work best for your company, sign up for a consultation!

Choose the purpose of financing and find suitable loan.

Leasing rates from 1.49%.

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