Ex-Im Bank Approves $780,000 Loan Guarantee To Finance U.S. Solar-Module Exports To Mexican Rooftop Solar-Power Project
Suniva is a U.S. manufacturer of high-efficiency crystalline silicon photovoltaic (PV) solar cells and high-power solar modules. Headquartered in the metropolitan Atlanta area, Suniva sells its advanced PV cells and modules globally. The company evolved from the work of Dr. Ajeet Rohatgi at the University Center of Excellence for Photovoltaics Research and Education (UCEP) at the Georgia Institute of Technology. For more information, visit www.suniva.com.
About Ex-Im BankEx- Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (FY 2008 through FY 2012), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.
Under its Environmental Exports Program, Ex-Im Bank provides enhanced support for U.S. exports to renewable-energy projects and other exports that benefit the environment. Features include extended repayment terms (up to 18 years for renewable-energy and water projects) and coverage of local costs for up to an additional 30 percent of the U.S. contract price.
In FY 2012, Ex-Im Bank authorized $614.5 million in financing to support over $1.18 billion of U.S. exports of environmentally beneficial goods and services. Nearly 60 percent of these authorizations are for renewable-energy exports.Ex- Im Bank approved a total of $35.8 billion in authorizations in FY 2012 – an all-time Ex-Im record. This amount includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. The Bank's authorizations in FY 2012 are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit www.exim.gov.
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