Loan (Eko Sklad)
Updated: 14.02.2019
Author: Saša Rajković
The Environmental Fund of the Republic of Slovenia (Eko sklad) awards low-interest loans to renewable energy projects (§ 7 Statute of the Eco Fund) through tendering (chapter II § 2 Terms and Conditions of the Eco Fund). At the moment (December 2018), there are three public calls open for loans in the field of RES-T. The current calls for applications subsidise new investments in environmental friendly vehicles for road transport (Call No. 62SUB-EVOB18; Call No. 63SUB-EVPO18) and charging station for electric vehicles in protected natural areas and Natura 2000 areas (Call No. 53SUB-EVPOL17). It applies to residents (Call No. 62SUB-EVOB18), municipalities (Call No. 53SUB-EVPOL17) and legal persons (Call No. 63SUB-EVPO18).
Eligible technologies
Subject of the calls are grant funds in the form of financial aid for new investments of more environmentally friendly vehicles for road transport, which will be the first time in the production or processing registered in the Republic of Slovenia and charging station for electric vehicles in protected natural areas and Natura 2000 areas. Non-repayable financial incentive may only be granted for the purchase of new vehicles of category M1, N1, or L6e L7e electric propulsion without CO2 emissions discharged.
Amount
The amount of credit must be determined in line with the provisions of § 11 of the Terms and Conditions of the Eco Fund. According to these provisions, the amount of credit depends on the following factors:
- the amount of eligible costs,
- the type of investment,
- the evaluation of the environmental criteria,
- the credit rating of the eligible party and the debt insurance,
- the total budget available for a specific call, as defined in the public call document, and the relevant state aid and "de minimis"-limits.
MAXIMUM LOAN AMOUNT
The calls currently open provide respectively a total of € 2.500.000 for residents (Call No. 62SUB-EVOB18), € 3 million for legal persons (Call No. 63SUB-EVPO18) and 800.000 for municipalities (Call No. 53SUB-EVPOL17).
Addressees
Call No. 62SUB-EVOB18 is open for residents and Call No. 63SUB-EVPO18 for legal persons. Call No. 53SUB-EVPOL17 targets local communities of the Republic of Slovenia.
Procedure
Process flow | The main condition for a grant of financial incentives is a timely submitted and complete application.
The decision to grant the right to grant financial incentives to the applicant, the procedure established by the General Administrative Procedure Act (Official Gazette of RS, No. 24/06 - official consolidated text, 105/06-LAD-1, 126/07, 65 / 08, 8/10 and 82/13), if the EPA-1 provides otherwise.
Application. Applicants shall submit their applications to the Environmental Fund of the Republic of Slovenia (Eko sklad) (chapter IV § 7 Terms and Conditions of the Eco Fund). The application form is included in the call for applications document.
Loan award. The decision on the award of a loan is based on the general provisions of administrative law and the procedure set out in the Rules on the Allocation of the Budget (§ 220 ff. RS 50/2007) According to the terms of the current calls, the Fund decides on whether or not a loan will be granted and informs the applicant of this decision within a period of 90 days.
Loan contract for private individuals. Private individuals must enter into a loan contract with the lending institution within 10 days or the latest within 60 days after the decision has been made final from the day on which the loan is granted. The total amount of credit is paid either as a lump sum or in two instalments by the lending bank. The first instalment is 40% of the total loan amount and is paid within 5 days from the day on which the loan contract is signed. The remaining 60% are paid within 5 work days from the day on which the applicant submits evidence that the investment has been made.
Loan contract for corporations. The deadline for the conclusion of the credit agreement is 6 months from the date of publication of the decision on the allocation of credit. Specifics to individual credit agreements for corporations (credit insurance etc.) are governed bilaterally. |
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Competent authority | Environmental Fund (Eko sklad) |
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Distribution of costs
The loans are funded by the national budget and voluntary donations by national and international natural persons and legal entities (Chapter IV § 14 Statute of the Eco Fund).
Slovenia
