|Date Ended:||December 2008|
|Policy Type:||Economic Instruments>Fiscal/financial incentives>Loans|
|Policy Target:||Framework/ Multi-sectoral Policy|
|Funding:||Loans of 10.7 billion euros extended between 1990 and 2005|
The Reconstruction Loan Corporation (KfW) (formerly the "Deutsche Ausgleichsbank" (DtA) has provided low-interest loans for private companies, freelancers and public private partnerships who take suitable measures to save energy, or who plan to use renewable energies - since 2003. Credit terms vary between ten and twenty years with a redemption-free initial phase of two to five years. Interest rates depend on the credit rating of the applicant. The annual percentage rate ranged between 4% and 7% in 2006. Normally, the interest rates are slightly below market level. A maximum of 50% of the total investment is eligible for funding. Loans taken out with this programme can be combined with loans offered under the KfW-Environment-Programme. Traditionally the main beneficiary of the ERP-Environment and Energy-Savings Programme has been the wind power sector. However, the support for solar photovoltaics has recently grown. Between 1990 and 2005, loans with a total volume of EUR 10.7 billion have been extended.
|This record is superseded by:||KfW Renewable Energies Programme (KfW-Programm Erneuerbare Energien)|
Last modified: Thu, 14 Mar 2013 14:00:08 CET