Ex-Im Bank to Boost Renewable Exports with $250 Million in Financing
November 18, 2009
The Export-Import Bank of the United States (Ex-Im Bank) has launched a $250 million facility to finance exports of renewable energy products, including solar, wind, and geothermal energy techologies. The bank's actions on November 3 were part of its overall strategy as the first Export Credit Agency to adopt a comprehensive Carbon Policy. The new financing will support U.S. exports of clean energy technologies to will help other nations address climate change concerns.
To further boost renewable energy exports, the Ex-Im Bank will consider the introduction of a full range of incentives and other measures to facilitate the purchase of U.S. renewable energy exports by foreign buyers. The bank will also make more energy efficiency products eligible for its Environmental Exports Program, and it will actively market and promote energy efficiency exports. At the same time, the bank will encourage export credit agencies, multilateral development banks, and other lending institutions to adopt similar policies to promote clean energy exports. See the Ex-Im Bank press release and Carbon Policy.