Who can apply for an EE/RE loan?

Who can apply for an EERE loan

According to the Armenian definition of MSMEs*, all legal entities, sole proprietors and individual farmers are eligible to apply for an EE/RE loan, regardless of the economic sector or the location of the business activities.

This service is available to those who are planning to invest in energy efficient technologies, production plants and other machinery and equipment, which will reduce energy consumption and increase the quality of production.

 

* Armenian definition of MSMEs:

  • Number of employees: ≤ 250
  • Annual turnover: ≤ AMD 1.5bn
  • Annual balance sheet: ≤ AMD 1.0bn