Green Products for Small and Medium Businesses that wish to invest in Photovoltaic Systems

Long-term loan for small and medium businesses that wish to invest in green entrepreneurship by installing photovoltaic systems. It combines financing and insurance solutions.
  • Small and Very Small Businesses
  • Professional Farmers who wish to invest in photovoltaic systems
  • In 3-monthly instalments
based on the BMLR
  • Up to 6 months grace period
  • Added services such as insurance coverage

5 additional reasons to get green products for businesses

 1.  Lower costs

We actively support Green Banking, offering a range of green products at lower interest rates.

 2.  Flexible procedures

We have the necessary green technical know-how to ensure quick and easy financial evaluation that is tailored to your needs. We also support you in any necessary decision-making throughout the implementation of the project.

 3.  Green services

We anticipate your needs and offer you suitable green services that complement or add value to your investment:

Green services for businesses

 4.  Sustainable investment

The features of the green business financing and insurance package have been designed to ensure positive returns early on in your investment..

 5.  The right move for the environment

You contribute both in developing the economy and in protecting the environment with the well-designed business plan and continuous support we offer you.


Who is it aimed at

The green product package offers financing and insurance solutions to:

  • Small and very small businesses
  • Professional farmers who wish to invest in photovoltaic power stations up to 100KWp
  • Very small businesses that wish to install photovoltaic systems up to 10KWp on their roofs

How you benefit

  • Combination of financing and insurance solutions
The Green Products for small and medium businesses that wish to invest in photovoltaic power stations offer you financing for your investment plans. The investment may either be partly financed by an incentive programme or be fully financed by equity and bank borrowing.

Financing includes an insurance package for the facilities and the equipment, to protect you as an investor.


Loan amount

The loan amount is determined by either the decision for inclusion of the investment plan in an incentive programme or on a project-based procedure depending on the cost of the investment.


Up to 10 years.

Interest Rate

Variable interest rate, depending on the case, based on the Base Medium-Long Term Loan Rate (BMLR) of Piraeus Bank.
Interest rates are also subject to the Law 128/1975 levy. Today it stands at 0.60%.


In 3-monthly instalments which repay interest and capital.

Grace period

Up to 6 months. During the grace period you only pay the interest.


The following are required as collateral:

  • Assignment of the energy sale contract made with either the Hellenic Electricity Distribution Network Operator (HEDNO SA) or the Operator of Electricity Market (LAGIE SA)
  • Personal guarantee by the business executives
  • Registered first mortgage on an urban property equal to 125% of the loan for photovoltaic systems up to 10KW on roofs

Mandatory insurance coverage

Insurance of facilities and equipment with Piraeus Bank as a counterparty:

  • During the assembly and installation stage
  • During the operation stage

The total insured value must at least be equal to the amount of the loan.

Additional benefits


  • Corporate or personal card in the name of the business executives without annual fee for the first year
  • Debit cards with special terms
  • Automatic payment of public utility bills (OTE, PPC, EYDAP) without commission
  • Free subscription to the winbank e-banking platform