Renewable Energy

Corporate Loans
Azerbaijan disposes of untapped renewable energy potential in wind, solar, hydro and geothermal resources. Energocredit supports commercial banks in providing loans in new areas such as small-scale renewables. 
Typical investments in Renewable Energy include:
  • Biomass combustion in heat and/or combined heat and power plants
  • Biogas generation: heat-only and combined heat and power plants
  • Solar thermal collectors for hot water or steam generation
  • Geothermal heat pumps
  • Run-of-river Hydro power plants (less than 10 MW)
All projects deemed eligible shall achieve an internal rate of return (IRR) of minimum 10%. Please note that Renewable Energy projects are not eligible for the Incentive Payment provided within the Programme.
Our Partner Banks finance:
  • Stand-alone renewable energy investments;
  • Loans for eligible manufacturers, suppliers and installers of renewable energy technology, equipment and materials.
If your project falls under the mentioned criteria, please contact one of our Partner Banks. Also, feel free to check our case studies on already financed renewable energy projects.
If you have designed a project of your own, please contact our team, we will be glad to help you.