Export Financing for Renewable Energy and Water Development Projects
Washington, DC [RenewableEnergyAccess.com] The Export-Import Bank of the United States (Ex-Im Bank) is offering export financing on repayment terms up to 15 years for U.S. exports of goods and services used in certain renewable energy and water projects.
The longer repayment terms are available in accord with an agreement of the Organization for Economic Cooperation and Development (OECD) that permits export credit agencies of OECD countries to offer enhanced terms for renewable energy and water projects.
Eligible for the 15-year repayment term are U.S. exports for the renewable energy projects including wind, solar photovoltaic, solar thermal, geothermal, ocean thermal, tidal and tidal stream power, wave power, and bio-energy. Also eligible for the 15-year term are U.S. exports for water and wastewater projects.
"Ex-Im Bank's offering of the 15-year repayment term for U.S. renewable energy and water-related exports is a significant enhancement for U.S. exporters in these sectors," said Ex-Im Bank Board Member Linda Conlin, who heads Ex-Im Bank's Environmental Exports Program. "We believe that this enhancement further strengthens the ability of U.S. environmental exporters to compete internationally, and it will help to support highly skilled U.S. jobs in these industries."
"This action will allow U.S. environmental technology firms to compete successfully in the global arena by making water and wastewater projects more commercially viable and by reducing the need for tied aid that foreign governments have used in the past to eliminate competition," said Dawn Kristof, president of the Water and Wastewater Equipment Manufacturers Association Inc.
"With this kind of forward-thinking government leadership, the United States will continue to be a net exporter of solar energy," said Rhone Resch, president of the Solar Energy Industries Association. "Progressive export financing terms are essential for U.S. companies to remain competitive in the global solar industry, which is currently growing at 45 percent each year. We applaud Ex-Im Bank for its initiative in supporting a robust U.S. solar industry."
In response to recommendations from U.S. renewable energy and water industries, Ex-Im Bank encouraged the OECD to permit export credit agencies to offer the extended repayment terms for these environmental exports. In June 2005, the OECD agreed to extend the maximum repayment term from the previous limits for these sectors to 15 years. The OECD agreement permits the 15-year term for a two-year trial period beginning July 1, 2005.
Solar Power Ads and New solar-powered products: buy solar-powered electronics online, find solar gadgets, purchase solar calculator, buy photovoltaic electronics, solar energy powered electronics for sale online
Hottest Cameras and Photography Equipment
Hottest Cameras and Photography Equipment
find solar energy system for sale online, buy solar panels on the web
Research solar energy, build home solar power system, turnkey wind energy for house or small business, alternative energy for farmers, find new clean energy sources, books on renewable power sources.
Purchase solar energy panels online via OK Solar
Research solar energy, build home solar power system, turnkey wind energy for house or small business, alternative energy for farmers, find new clean energy sources, books on renewable power sources.
Solar-powered Tools and Hardware
Free yourself from your utility company, click here to learn about how to run your home off of solar and wind power!
Solar-powered Electronics Gifts Watches
Buy solar-powered Security Camera System, now for sale online at Amazon.com:
Solar Battery Recharger for sale online
safe shopping online, solar energy electronics, best environmental gifts for 2005 holiday season, buy solar-powered gift, find seasonal present online, gift for environmentalist, purchase holiday presents online, internet shopping guide,
Home Solar Power Kit
End of Advertisements and Solar Energy and Sun-Powered Products links
OMFG
57 minutes ago
No comments:
Post a Comment