We are supervised by
Park of 25 photovoltaic solar power plants Simno sen., Alytus district, Lithuania (1 stage)
Amount of funding
115 000 €
LTV
60%
Annual interest rate
12.00% - 13.50%
Total expected project return
17.00% - 19.12%
Loan period
17 mo.
Risk
B (medium)
Purpose of the loan
Loan for acquisition
Collateral
Real estate pledge
Country
Lithuania
Lithuania
Investors
240
Raised:
115 000 € Goal:
115 000 €
115 000 € Goal:
115 000 €
100.00%
| # | File name | File type | Actions |
|---|---|---|---|
| 1 | Įstatai.pdf |
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| 2 | 25 FSE RC išrašai.pdf |
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| 3 | VN-24-109(e) Vertinimo ataskaita.pdf |
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| 4 | PIID (1 etapas).pdf |
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About the loan
Purpose of the loan
Investment loan
Amount of funding
115 000 €
LTV
60 %
Risk
B (medium)
Payment of interest
Every month
Loan repayment
At the end of the loan period
Loan period
17 mo.
Minimum loan period
4 mo.
Collateral
Real estate pledge
Guarantees / surety
Mortgage rank
First order mortgage
Amount allocated by project owner
183 500.00 €
Purpose of the loan
The amount of EUR 416,500 is required for financing, which will be collected in stages. The loan funds will be used for real estate objects, i.e. 25 photovoltaic solar power plants, located at Ponkiškiu village, Simno mun., Alytus district, Lithuania, for the purchase of which the total installed capacity is 738,40 kW. The loan will be repaid by refinancing it in another financial institution or from the sale of assets and/or from the company's income. The amount that the project owner allocates to the project himself is EUR 183,500.
About the project
The project consists of 25 (twenty-five) photovoltaic solar power plants, located at Ponkiškiu village, Simno mun., Alytus district, Lithuania, with a total installed capacity of 738,40 kW, purchase. All power plants are operational and valid contracts have been concluded, which set a fixed electricity purchase rate of 0,362 EUR/kWh until 27/03/2025. The purchased power plants in year 2023 generated 767 thousand kWh.
Photovoltaic solar power plants are installed on the ground, in an open place, nothing blocks the sunlight. Easy access on gravel and asphalt roads. The location of the property is considered as good.
The asset group (Other engineering structures - Photovoltaic part of the solar power plant and the land plot) forms a complete whole. A group of these assets is like an indivisible whole. Each group of power plants can be sold separately as a unit. Photovoltaic solar power plants are recorded as a 29,40 kW, 29,76 kW or 30,00 kW solar power plant in the documents of the State Energy Regulatory Council. In the cadastral measurements file, power plants are registered with one, two or three separate unique numbers. Each solar power plant has its own name, which is specified in the documents of the State Energy Regulatory Council and is divided into groups according to them in the evaluation report, indicating which assets are assigned to which power plant.
Each group of power plants consists of:
- 2 inverters KACO POWADOR 14.0 TL3;
- 120 pcs. of photo modules: YingliSolar: 5880 x YL245 P-29b; 2181 x YL250 P-29b - T & Solar: 220 x 240Wp TSS3
- Monitoring system;
- Aluminum structures holding modules and inverters;
- Cable lines and other parts necessary for proper operation of the solar power plant;
- Part of the fence of the territory;
- Security system (sensors, sensors).
More about the project (see Documents).
Investment from 50.00 €.
Interest
Annual interest rate
- Investing from 50.00 € - fixed interest 12 %
- Investing from 1 000.00 € - fixed interest 12.25 %
- Investing from 3 000.00 € - fixed interest 12.5 %
- Investing from 6 000.00 € - fixed interest 12.75 %
- Investing from 9 000.00 € - fixed interest 13 %
- Investing from 12 000.00 € - fixed interest 13.25 %
- Investing from 15 000.00 € - fixed interest 13.5 %
The Interest on the Loan Amount shall be calculated from and including the date of disbursement of the Loan Amount to the Debtor's Account or to such other account (or accounts) as notified by the Debtor to the Operator in writing prior to the disbursement of the Loan Amount.
Loan term and repayment
Loan period
17 mo.
Minimum loan period
4 mo.
Loan repayment
At the end of the loan period
Estimated start date of the loan:*
2024-07-09
Estimated loan repayment date:*
2026-01-01
If the Debtor repays the Loan earlier than after the specified minimum loan period, it undertakes to pay interest to the Lender for the entire specified minimum period.
* The loan is planned to be repaid by the end of the project term from the expected growing income of the company, increasing profits, sale of assets or refinancing of the loan.
Procedure for disputes between parties to a financing transaction
The investor has the right to withdraw their investment within 96 hours from the submission of the money lending proposal on the platform
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