Renewable Energy Loans – What is it
Promotion of renewable energies
Renewable energies play an increasingly important role due to infiltrating resources such as oil. However, setting up solar panels or wind turbines is expensive. However, the costs are an investment in the future and represent an important part of sustainable development. The state government has now recognized this. This has secured companies and municipalities a loan of 523 million USD to finance measures that are intended to increase energy efficiency.
Reasons to help
Renewable energies are an important part of sustainability. Not only are resources seeping away, previous sources of energy such as nuclear power plants pose a risk. To replace the old energy sources with environmentally friendly methods, Finance Minister have informed companies and municipalities with a loan amount of around 523 million Support USD.
The loan amount granted should be divided as follows:
- Around a third of the amount, a total of 180 million USD, is used to generate energy in small and medium-sized enterprises.
- A very small amount – 50 million USD – should be used for ecological loans. With this, commercial companies are to make investments in wastewater treatment, air pollution control, noise protection and waste management.
- Around 111 million USD are to flow into the expansion of the Internet. The municipalities are to develop subsidy programs with which the speed of the Internet can be increased.
- 80 million USD are intended to secure jobs in rural areas.
Thus, the amount of funding should not only be used to promote renewable energies.
Aspects of sustainability
The loan is also intended to be used for measures to remove pollution. This includes aspects such as water purification and keeping air clean. Programs for noise protection and waste management are also to be set up. In the same way, developmental considerations are among the reasons for the grant.
Securing jobs is also an important aspect of the financing reason and is intended to give society a certain degree of security.