Country:Germany
Year:1990
Policy status:Superseded
Jurisdiction:National
Date Effective:1990
Date Ended:December 2008
Policy Type:Economic Instruments>Fiscal/financial incentives>Loans
Policy Target:Multi-Sectoral Policy
Funding:Loans of 10.7 billion euros extended between 1990 and 2005
Description:

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This record is superseded by:KfW Renewable Energies Programme (KfW-Programm Erneuerbare Energien)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