The BOV Business Energy Loan is being made available to enterprises, and non-state aid entities (such as regulated authorities, constituted bodies and NGOs) to cover the costs of energy efficient investments. The loan will cover costs such as the cost of materials, the cost of technical planning of installations, as well as the cost of installation and/or maintenance. The costs of energy efficient investments typically include:
- Investments related to the building envelope (insulation, windows and doors, other building envelope related measures with impact on thermal performance, etc.);
- Investments related to the building system (space heating, investments related to hot water generation, ventilation systems, cooling, lighting, building and Energy Management Systems, connection to energy supplies, charging stations for electric vehicles, etc.);
- Investments related to renewable energies not connected to the buildings (photovoltaic systems etc.) for own consumption of the final recipient;
- Non-Standardised Costs (investments undertaken following an ex-ante energy efficiency audit, energy performance certificate and/or any other equivalent method to estimate the energy savings and could include operational upgrades, investment in an electric/hybrid fleet, water efficiency measures, etc.).
The BOV Business Energy Loan includes a number of benefits that improve the rate of return investment for the applicants. A highlight of these features are listed below. Contact us for a full list of features, benefits and terms and conditions.
- Interest free loan for the whole term (10 years)
- A maximum loan term of up to 10 years;
- In the case of enterprises a maximum loan amount of EUR 750,000 applies subject to De Minimis state aid rules. In case of Non-State Aid entities a maximum loan amount of €3,000,000 applies;
- A minimum contribution of 20%;
- A lower amount of extendible security in line with similar risk sharing instruments;
- No processing and renewal fees.
A highlight of terms and conditions is
listed below. For a full list of features, benefits and terms and conditions,
please contact your nearest branch or send
an email on [email protected]
or call us on +356 2275 1122.
- Facilities can only be in the form of Loans (overdrafts are excluded from the scheme);
- In the case of enterprises, a maximum loan amount of EUR 750,000 applies subject to De Minimis state aid rules. In case of Non-State Aid entities a maximum loan amount of €3,000,000 applies;
- The minimum contribution is 20%;
- Interest-Free Loan for the whole term of the loan (maximum 10 years).
- No processing or early repayment fees;
- A commitment fee of 0.5% p.a. will apply on undrawn amounts after six months from sanction letter/agreement date;
- The maximum loan term is of 10 (ten) years (inclusive of moratorium);
- A moratorium on capital of up to a maximum period of 6 (six) months may be considered.
Certain sectors may not be eligible for this scheme. All loans are subject to normal bank lending criteria and final approval by the Bank. Other terms and conditions apply.
To assist businesses get a better
understanding of potential savings in energy costs and carbon dioxide
reductions achieved through costs financed through the BOV Business Energy
Loan, the European Investment Bank has developed a web-based tool called
‘CliMalta’ which can be accessed via https://climalta.eu/.
For more information about the BOV Business Energy Loan, please contact us by calling us on 2275 1122, by sending us an email or by filling in this form.
All loans are subject to normal bank lending criteria, credit approval by the Bank and a credit agreement. Further terms and conditions are available from www.bov.com.
EERE Malta is co-financed by the Republic of Malta, the European Union
under the European Regional Development Fund.
The financial support and benefits are derived from the establishment of a Fund of Funds – “EERE Malta” which is co-financed by Malta and the European Union under the European Regional Development Fund (ERDF). The objective of this fund of funds and its first loss guarantee combined with an interest rate subsidy scheme is to support the access of the final recipients for their investments in energy efficiency and renewable energy measures.