An operator of photovoltaic systems planned to install solar panels on residential buildings and sell the electricity to tenants or to the electricity market.

He selected 20 buildings and assessed their suitability based on a number of factors, including solar orientation and location. Agreements about using the roofs and lease payments have been signed. The operator was also in contact with the manufacturers of PV systems.

He submitted an inquiry to Westend Bank, detailing his financing requirements and providing a business plan that included the feed-in tariff and lease payments. We calculated the financing’s viability, and following our successful due diligence process, agreed to the contract and arranged the loan.