The utilization of Renewable Energy Sources is a strategic priority for Piraeus Bank, which has been strengthening these investments over time, as it has significant expertise in both the agricultural sector and alternative forms of energy.
As the bank points out in a relevant announcement, with the combined experience and expertise of its Agricultural Banking and Sustainable Banking Divisions, it seeks to provide personalized service to farmers and agricultural businesses, offering the most appropriate financing solution tailored to the needs of each customer and each investment plan.
In the context of implementing the provisions for agrophotovoltaic stations, Piraeus actively supports producers who seek to take advantage of the new installation opportunities. Through specialized financing tools and integrated banking solutions, it provides substantial support for the planning and implementation of related investments.
Particular emphasis is placed on agrivoltaic projects combined with greenhouse facilities, which are subject to special conditions under the new Law 5261/2025. Agro-photovoltaics cannot be installed on high-yield agricultural land, except in cases where the stations are installed on greenhouse roofs and are not included in the 0.8% maximum limit of total photovoltaic station capacity on high-yield agricultural land per Regional Unit.
Piraeus remains a steadfast supporter of the green transition of the Greek agricultural economy, strengthening initiatives that contribute to sustainable development, reducing energy costs, and improving the competitiveness and productivity of the primary sector, the announcement concludes.