Financing & Insurance

ADVARTIA in collaboration with one of the biggest banking institutions in the country offers a specific solution for the financing of investments in photovoltaic power plants in Greece.

In case of a specific collaboration for a photovoltaic installation for which ADVARTIA undertakes the financing of the project, the investor is only required to pay 25% of the total value at the time of the contractual assignment of the project. Following that ADVARTIA is responsible for any further requirements for the project. For this financial arrangement to be completed the investor is only required to concede the contract of solar electric power to the bank and no further commitments are requested.

During the installation the construction site is insured by an international insurance company, an insurance that is valid for 12 months after the installation is completed. Furthermore, during construction, ADVARTIA, having full responsibility of the site, undertakes the security of all materials and equipment until after the installation is completed.

Eventually the project is delivered to the investor with the signing of the delivery protocol only after installation is complete, all quality checks have been concluded successfully and measurements of proper operation have been undertaken for two weeks after the connection of the power plant to the grid, without any further financial obligation of the investor towards the company. Hence the investor for the complete time of the design and construction of the project has no responsibility and no further financial obligation except the 25% that will have been initially paid.