Ex-Im Bank Approves $200 Million to Support Renewable Energy Exports in FY 2014
The Export-Import Bank announced today that it authorized approximately $200 million to finance U.S. renewable energy exports in FY 2014, bringing its total support to nearly $2 billion since 2009. Backed by a congressional mandate to support environmentally beneficial U.S. exports, Ex-Im is committed to empowering American companies to sell their renewable energy goods and services in overseas markets, which results in more highly skilled jobs for U.S. workers.
"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."