Ex-Im Bank's Environmental Exports Program Aids Clean Energy Exports
April 27, 2005
The Export-Import Bank of the United States (Ex-Im Bank) provides support to U.S. exporters of renewable energy and environmentally beneficial goods and services and exporters participating in foreign environmental projects. Through its Environmental Exports Program, the bank provides insurance, guarantees, and loans for energy efficiency and renewable energy exports and projects. Applicable technologies include photovoltaic, wind, biomass, fuel cell, waste-to-energy, hydroelectric, and geothermal projects, as well as hybrid systems and energy efficiency products.
The Ex-Im Bank recently named GT Equipment Technologies—a U.S. manufacturer of equipment to produce solar wafers, cells, and modules—as its 2005 Small Business Environmental Exporter of the Year. The company saw a 150 percent surge in revenues in 2004, which it credits to the bank's working capital guarantees. See the Ex-Im Bank press release.