ORDER NO. 2631/2013 FOR THE MODIFICATION AND COMPLETION OF THE FINANCING GUIDE OF THE PROGRAM REGARDING THE ENERGY PRODUCTION INCREASE FROM RENEWABLE SOURCES, APPROVED BY THE MINISTRY OF ENVIRONMENT AND FORESTS NO. 714/2010

Financing on grant basis for financing the Program regarding the increase of the energy production coming from renewable sources shall be reimbursed if the funds are not used in accordance with the preestablished objectives.
Equally, the funds on grant shall be returned if the acquired assets formed the subject of sale or rental, during the course of and after completion of the project, for a period of five years for large enterprises and 3 years for SMEs.
The grant beneficiaries may constitute guarantees for the credit institutions, under the form of mortgages entailed on investments which form the object of the financing contract and/or on their property assets in connection with the project, conditioned of the guarantees performance after the expiry period for project monitoring, with the prior agreement of the Authority.
The funding recipient is required to submit to the Authority a copy of the credit agreement and the mortgage in 10 working days after signing of it.

Published in the Official Gazette no. 682 of 06.11.2013
The act have entered into force on 06 November 2013
Issued by: The National Authority for Regulation in the Energy Field