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RENEWABLES
NEW & RENEWABLES
Soft Loans for New and Renewable Energy
Soft Loans for New and Renewable Energy
Purpose
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- KEA provides long-term, low interest loans to those who want to install new and renewable energy facilities and producers of facilities in order to foster new and renewable energy industry.
- The facilities that already received subsidies from foreign investment institutes or other public agencies are not eligible for the subsidy.
Legal basis
- The article 27 of the Act on the Promotion of the Deployment, Use and Diffusion of New and Renewable Energy
- The article 42 of the Regulation on the Support for New and Renewable Energy Facilities (MOITE Notification no. 2014-56)
Scope of the subsidy
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- Facility funds: funds requested by those who want to install new and renewable energy facilities
- facilities for wind energy, solar thermal, and bioenergy etc.
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- Production funds: funds requested by those who want to build production facilities of new and renewable energy related products or facilities
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- Operation funds: funds needed to increase capital liquidity of manufacturers of new and renewable energy products
- Loans for commercialization of technology: loans for production costs to produce prototypes and facility installation costs to produce such prototypes (the loan is made only for facility funds and production funds)
