2022 Renewable Energy Deal of the Year Awarded to Stakeholders in Honduran Solar Project at Export-Import Bank of the United States Annual Conference
WASHINGTON, DC – The Export-Import Bank of the United States (EXIM) today awarded its Renewable Energy Deal of the Year to the three stakeholders involved in a key solar project in Honduras at its 2022 Annual Conference. The awardees, Ohio-based manufacturer First Solar, primary exporter, Banco Atlántida, and J.P. Morgan demonstrated great organizational collaboration to bring the project to life.
Unanimously approved by EXIM’s Board of Directors in September, this transaction is an illustration of EXIM’s commitment to fulfilling its charter mandates to support clean and renewable transactions while also support Biden-Harris Administration climate initiatives.
As announced by President Biden at the G20 Summit, the deal is the largest solar project EXIM has ever financed in the Americas
Banco Atlántida, Honduras’ largest bank, will receive financing facilitated by J.P. Morgan to procure American-made solar panels from First Solar to power a 53.4-megawatt carbon-free solar power project in Olanchito, Honduras.
“EXIM Board approval of this key solar power project in Honduras further demonstrates EXIM’s commitment to fulfilling its charter mandates while supporting Biden-Harris Administration initiatives and programs,” said EXIM President and Chair Reta Jo Lewis. “EXIM support for renewable and clean energy projects globally will contribute to continued growth in this key sector and allow for more successful and sustainable infrastructure development.”
ABOUT EXIM BANK:
EXIM Bank an independent federal agency that provides competitive and necessary export credit to overseas purchasers of U.S. exports to promote and support American jobs. A robust and fully functioning EXIM Bank can assist the United States in leveling the global playing field for U.S. exporters when they compete against foreign companies that receive the support of their national export credit agencies. EXIM also contributes to U.S. economic growth and the support of more than a million jobs through the support of thousands of small and medium-sized enterprises (SMEs) around the country. Since 2000, EXIM Bank has provided $14.6 billion to the U.S. Treasury after paying for all of its administrative and program expenses.
For more information about EXIM, please visit www.exim.gov.