Renewable Energy and Environmental Exports
Since 1992, EXIM has had a mandate in its congressional charter to increase support for environmental exports, including renewable energy.
EXIM program enhancements for renewables and environmental exports include:
- Certain renewable energy and water treatment transactions are eligible for 18-year repayment terms.
- Financing for local costs up to 30% of the U.S. export contract.
- Capitalization of interest during construction.
Success Stories:
- EXIM was the first international financing institution to finance a solar-power project under the Indian government's National Solar Mission.
- EXIM financed the largest-ever export of small wind turbines with a $6.4 million loan guarantee that supported the export sale of Northern Power Systems Inc. 100kw turbines to Italy.
- EXIM provided a 10-year Loan Guarantee to PNC Bank to finance a 1.4MW rooftop-solar project for Sustainable (Barbados) Recycling Centre Inc.
- EXIM provided a $4.86 million 15-year Loan Guarantee to finance the export of environmental services from POWER Engineers Inc. to a geothermal power plant in Turkey.
- Bio-Microbics Inc. exported 10 FAST® wastewater treatment systems to Acuapro S.A., of Monterrey, Mexico, under a 10-year, $824,000 Loan Guarantee.
EXIM Credit Requirements:
EXIM must have a reasonable assurance of repayment and can make a credit decision based on:
- Corporate borrowing approach based on the financial condition of the borrower/guarantor.
- Limited recourse project finance with a special purpose company borrower and project cash flows as source of repayment
- Structured finance transaction with the borrower's balance sheet enhanced by project cash flows.
Contact:
For more information about the Program on China and Transformational Exports, contact china.program@exim.gov.