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Bank Lviv

Ukraine: First low-interest Loan Programme spreads across Lviv Region

Submitted by Baerbel Epp on September 14, 2011

 Solar-assisted cooling installation in Echuca Moama” One major growth barrier in the Ukrainian solar thermal market is the usually high interest rate of between 18 and 25 %. Which is why the low-interest loan programme of the Lviv region in western Ukraine marks an important step towards spreading solar energy in the country. Since 2009, Bank Lviv has offered residents across the Lviv region (see red part on the map), subsidised interest rates to finance energy-saving measures, including the set-up of solar thermal systems. 20 % of the interest rate will be transferred back to the customer’s account a month later.
Figure: Wikipedia

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