The U.S. Export-Import Bank has announced it provided $200 million in financing to renewable energy exports this year.
The Washington-based federal lender revealed the figure in a press release yesterday, bringing its support for renewables exports to almost $2 billion since 2009.
This year's figure is similar to that for 2013 when, the lender claims, its long-term financing support enabled the export of $550 million worth of U.S. exports to the solar, wind, hydro and geothermal industries.
"American businesses have the innovation, technologies, and skilled workers needed to seize the unprecedented opportunities emerging in the global renewable energy sector," said Ex-Im chairman and president Fred P. Hochberg.
"Our goal at Ex-Im is to fill the gap when private lenders can't offer support, so that U.S. companies can compete on a level playing field in this growing market."
The Ex-Im Bank offers support through channels such as export credit insurance and working capital guarantees.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: email@example.com.
By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.
Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.
You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.
Further information on data privacy can be found in our Data Protection Policy.