Facebook pixel

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, contact Craig O'Connor, Director of EXIM’s Office of Renewable Energy and Environmental Exports. For more information about the Program on China and Transformational Exports, contact ChinaProgram@exim.gov.