Fund for Modernization, Supporting investments in new electricity production capacities from renewable sources.
With these funds you can install Photovoltaic PV Plants with a financing of up to 100% of the total amount of eligible expenses. The funding limit is EUR 20,000,000 per beneficiary, regardless of the applicant's financial situation (profit or loss).
There are 2 types of projects that can be financed: SELF-CONSUMPTION and PRODUCTION.
SELF-CONSUMPTION:
The amount requested for eligible expenses cannot exceed:
• 1,000,000 Euro/MW – for installed capacities of up to 1 MW (inclusive).
• 500,000 Euro/MW – for installed capacities of over 1 MW.
PRODUCTION:
The amount requested for eligible expenses cannot exceed:
• 500,000 Euro/MW – for all installed capacities.
Embarking on a grant-backed PV project can be a transformative opportunity for businesses. At Elsaco Solutions we have been specialized since 2019 in providing comprehensive support, from technical planning to project implementation, to ensure the success of your solar initiative with financing.
Our team of experts is dedicated to guiding you through every step of the process, from initial feasibility assessments and technical planning to securing EU funding and overseeing project execution. We understand the complexity of EU funding programs and will work closely with you to develop a tailored strategy to maximize your chances of success.
Due to our vast experience and in-depth knowledge of both technical and financing aspects, we simplify the entire process, allowing you to focus on the core activities of your business, while we deal with the complexity of project management and administration.
Whether you are a small business or a large corporation, Elsaco Solutions is here to support you in harnessing the power of solar energy through EU funded PV projects.
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