SBP introduces this refinance facility for installing renewable energy source-based projects / solutions for generation of electricity under following categories;
Category I: Prospective sponsors to set up of renewable energy power projects with a capacity ranging from more than 1 MW to 50 MW
Category II: Prospective sponsors to install renewable energy source-based projects/solutions for generation of electricity up to 1 MW
Category III: Financing to Vendors and suppliers certified under AEDB for installation of wind and solar systems on lease basis or selling of electricity to ultimate owners/users up to 5 MW
Salient Features:
| Features | Category I | Category II | Category III |
| Tenor of Financing | Up to 12 years | Up to 10 years | Up to 10 years |
| Grace Period | Up to 2 years | Up to 3 months | – |
| Mode of Financing | IFRE will be financed through Ijarah and Diminishing Musharakah | ||
| Refinance Rate: | 6.00% | ||