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This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at Acuerdo de Fremm, Aremur y el Banco Santander Central para potenciar el uso de las fuentes de energías renovables

Agreement of Fremm, Aremur and Banco Santander Central to enhance the use of renewable energy sources

13/07/2006

on July 13, 2006

The President the Regional Federation of employers of the Metal of Murcia, Juan Antonio Muñoz Fernández, the President of the Business Association of renewable energy and saving energy of Murcia, Aremur, Member of Fremm, Juan Toledo, and provincial director of Banco Santander Central Hispano, BSCH, have signed a Convention to promote and encourage the use of energy sources. Through this agreement, the bank undertakes to finance facilities of solar energy in the autonomous community, as well as supporting businesses associated with Aremur.
The financing provided for in the agreement will be compatible with the contributions that the same projects they can be perceived with funds from the official credit Institute (ICO) and the Institute for diversification and the energy savings (Idea).
The agreement is valid for a year, although it may be extended. People who are interested in benefiting from the agreement must submit the Bank its installation project, with the only requirement that must be carried out by an installation company Aremur, in addition to carrying a certificate of the business association on the affiliation of the corporate society.
BSCH is committed to finance all the investment projects which are intended to take advantage of sources of renewable energy, especially solar photovoltaic, being able to get up to 80% of the investment, including VAT. It even provides for financing in the medium term of the tax on added value, operation to cancel with the refund to the borrower in the amount from the Treasury.
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