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For renewable energy

Elektrum

Elektrum solar panel solution includes:

  • Solar panel modelling (exclusive to Elektrum) and analysis of power consumption at your property
  • Handling all the paperwork
  • Delivery and installation of the solar panel set
  • Consultations with personal customer consultant
  • Insurance during the first year (exclusive to Elektrum)
 

Special offer with Elektrum solārais

Use solar energy smarter!

If you sign a purchase agreement for solar panels by 31.10.2021*, Elektrum will include 3 smart home devices from elektrumveikals.lv for free.

  • Base station
  • Smart socket
  • Smart temperature sensor

These devices will let you adjust the home climate to changing weather as well as track electricity usage, while using solar energy efficiently.

Find out more

* When contacting the seller, let them know that you’re a Swedbank customer.
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AJ Power

AJ Power is the largest private group of energy companies in Latvia combining the broadest and most advanced service portfolio with the most experienced energy experts.

Professional installation of solar panels from the start until the end of the project in cooperation with globally established producers of solar panels and invertors:

  • Black monocrystalline solar panels fit for the Latvian climate
  • Inspection on site, calculations and tailor-made technical solution
  • Solar panel modelling and analysis of energy consumption at the property
  • All documentation preparation and approval
  • Solar panel installation and putting into operation
  • Solar panel system’s warranty service
  • Personal consultant just for you

Enefit

Get a favourable and comprehensive solar energy solution — from an offer based on your individual home energy consumption to installation of the system and green electricity with no surcharge!

Enefit has years of experience in the Baltics, having installed more than 80,000 solar panels:

  • Top quality solar panels and inverters (from the world's TOP 5 manufacturers according to Bloomberg)
  • 25-year efficiency guarantee
  • An individual offer ensuring a favourable price and a faster solution payback time
  • Process from A to Z (electricity consumption analysis, personalised offer, preparation of documents, installation of solution, placing into operation)
  • In addition to a comprehensive solar energy solution, we also offer 100% green electricity for 10 years without any surcharge
  • When signing an agreement with Enefit, enter a lottery to win solar power energy cost cashback worth 5000 EUR

Special offer: 100% discount on first three electricity bills when purchasing electricity from Enefit. With a solar energy solution, you will reduce your electricity bills by up to 50%, and Enefit will cover the rest for the first three months after you install your solar panels.

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.

Companies from various industries have already installed the solar panels. 100% pure energy is obtained and independence from fluctuating electricity market prices is facilitated in business. Business-focused thinking that will pay off.

Bakery in Pļaviņi region

Main lines of business – baking bread and pastry delicacies. The average annual consumption of electric power is 92,426 kWh. Before the solar panels were installed, the expenses reached 14,000 EUR per year.

  • 85 solar panels with 25.5 kW power are installed.
  • Expected saving is 2715 EUR or 19% per year.
  • Repayment period – 9 years.

Purchase and installation costs – 30,250 EUR. With Swedbank financing, the monthly payment would be – 362 EUR for a loan repayable in 9 years.

Find out which solution is best suited for your business by getting in touch with our partners.

SIA Tukuma Ūdens

The company’s business is water extraction, treatment and supply. The average annual consumption of electric power is 1,084,633 kWh. Before the solar panels were installed, the expenses reached 112,700 EUR per year.

  • 180 solar panels with 54 kW power are installed.
  • Expected saving is 5930 EUR or 5% per year.
  • Repayment period – 8 years.

Purchase and installation costs – 55,781 EUR. With Swedbank financing, the monthly payment would be – 680 EUR for a loan repayable in 8 years.

Find out which solution is best suited for your business by getting in touch with our partners.

Construction material production facility near Riga

The company’s business is production of various types of concrete products. The average annual consumption of electric power is 752,250 kWh. Before the solar panels were installed, the electric power expenses reached 84,000 EUR per year.

  • 272 solar panels with 81.8 kW power are installed.
  • Expected saving is 8490 EUR or 10% per year.
  • Repayment period – 7.5 years.

Purchase and installation costs – 77, 440 EUR. With Swedbank financing, the monthly payment would be – 944 EUR for a loan repayable in 8 years.

Find out which solution is best suited for your business by getting in touch with our partners.

Clothes production company

The average annual consumption of electric power is 1,143,677 kWh. Before the solar panels were installed, the expenses reached 120,520 EUR per year.

  • 708 solar panels with 262 kW power are installed.
  • Expected saving is 25,300 EUR or 21% per year.
  • Repayment period – 6.5 years.

Purchase and installation costs – 197, 230 EUR. With Swedbank financing, the monthly payment would be – 2696 EUR for a loan repayable in 7 years.

Find out which solution is best suited for your business by getting in touch with our partners.
Minimum sum of loan - 5000 EUR. Alternative for smaller amount – 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

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 or 10 years based on collateral and loan amount.

  • 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
Receiving
Management fee From 1% of the amount, min. 100,00 On case-by-case basis, min. 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. From 0,5%
Increasing the loan amount From 1% of the additional amount, min. 100,00 On case-by-case basis, min. 250,00
Extending the loan repayment period From 1% of the total amount, min. 100,00 On case-by-case basis, min. 250,00
Processing of other changes and contractual amendments Up to 0.5% of the outstanding amount, min. 150,00 Fee for changes without amendment of the agreement starting from 25,00.
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 part of the loan to be repaid
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 01.08.2021.

Elektrum

Elektrum – an established and reliable long-term partner. With Elektrum, 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

Enefit – a reliable partner in 100% renewable energy production. Enefit will help you reduce your electricity costs, earn from what you produce, and help choose the most suitable sustainable solution.

 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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