Energy Promotion: financing with rates starting at 1,16%

Fomento Paraná, the State Government's development financial institution, has already financed more than R$8 million in solar energy projects.

Currently, Fomento Energia's credit line allows the acquisition and installation of all components of solar, wind or biomass micro and mini generation systems.

The initiative follows the strategies outlined by the State Government, which has been working on several fronts to transform Paraná into a more sustainable state.

“We will collaborate to promote global changes that prioritize projects and constructions with low environmental impact also through our financial institutions”, says governor Carlos Massa Ratinho Junior.

“We have a lot of potential for generating renewable energy in Brazil and in Paraná in particular, whether due to the abundant sunshine throughout the year or regular winds in some regions, which are factors that help improve the energy matrix”, explains the governor.

Vinicius Rocha, Market Director at Fomento Paraná, highlights that among the advantages of investing in photovoltaic solar energy is the short-term return. “Implementation of the systems is easy and quick and the amount saved in energy helps cover the cost of financing. In addition to being sustainable, the system can reduce the value of the electricity bill by up to 90%”, highlights Rocha.

He also emphasizes that if the entrepreneur takes out the credit and installs the system throughout 2022, he will be able to take advantage of another advantage, which is to almost fully offset the cost of energy, without having to pay for the use of the distribution network until 2045.

O Canal Solar found out from Paraná Promotion the main doubts regarding the credit line aimed at purchasing and installing photovoltaic kits. Check out.

What can I finance?

It is possible to finance civil works (construction and renovation), assembly and installations. Furthermore, new machines and equipment, national or imported, with greater energy efficiency, or that are related to the micro and mini generation of renewable energy project, can be financed.

What amount can be financed?

The Fomento Energia credit line allows financing between R$20 and R$500.

What are the Credit conditions?

This line is for Micro and Small Companies. The maximum payment period is up to 120, with a maximum grace period of 24 months. However, the institution clarifies that the total and grace periods may be changed depending on the analysis of the credit proposal.

What is the interest rate?

Interest rates start at 1,16% per month (interest rate indexed to the SELIC). This rate may vary according to the credit analysis and the risk of the operation.

What documents do I need to present?

Check out the basic documentation for the proposal protocol:

• RG and CPF of the partners and their respective spouses, if they are married;
• Income Tax Declaration with delivery receipt from partners;
• Company Constitution Documentation, as applicable:
• Social Contract (and amendments);
• Entrepreneur Application;
• Bylaws

See more details about the documentation by clicking here.

How do I make my credit application?

According to Fomento Paraná, access to this line of credit is mainly through the Network of Credit Agents and Correspondent Partners, who operate in partner city halls or in commercial and business associations and also through accredited business companies, which operate in different regions of the state. To see the list of contacts with agents and correspondents click here.

Supplier accreditation

Fomento Paraná also allows equipment suppliers to act as correspondents and directly offer customers the institution's credit lines at the time of purchase. Interested parties can become accredited as a Credit Correspondent. Find out more by clicking here or by calling (41) 3235-7644 / 7648.