With its “Power Mortgage”, Deutsche Financial institution has launched a credit score programme to assist corporations spend money on their power effectivity and address the sharp rise in power prices.

The power mortgage is aimed toward small and medium-sized enterprises in Germany that need to develop into much less depending on fossil fuels. The Financial institution’s mortgage helps corporations, for instance, to spend money on gear and equipment to extend power effectivity, to transform a heating system or to construct a photovoltaic or biomass system. Firms also can use the power mortgage as a further constructing block of their working capital financing.

“Particularly now, when enterprise fashions of many corporations are below strain as a result of sharp rise in power costs, we need to assist corporations address the inflation in power prices,” explains Hauke Burkhardt, head of lending at Deutsche Financial institution’s Company Financial institution. “By investing in sustainable applied sciences and in increased power effectivity, corporations scale back their power prices and may enhance their monetary leeway for the long run.”

The power mortgage includes as much as 250,000 euros per firm and runs for as much as 180 months. As much as 24 months are repayment-free. Firms can apply for and take out this mortgage on-line – by way of the info portal Power Safety

Notice: the power mortgage is obtainable to company purchasers in Germany. The exterior web site is obtainable in German solely.