The Export-Import Bank of the United States (Ex-Im Bank) is facilitating the sale of solar panels from California to a private sector project in Belgium under the bank's "Renewable Express" project financing program. The solar panels for the project will be supplied by Solyndra LLC, a manufacturer of photovoltaic systems headquartered in Fremont, California.
The Ex-Im Bank’s “Renewable Express” project financing program provides streamlined post-completion project financing to small renewable-power producers that meet the bank's credit standards. The bank will consider project financing for small renewable power producers seeking loans of $3 million to $10 million. Renewable Express is available for both corporate balance sheet and limited-recourse transactions that fit within the program’s parameters and where the repayment is generated from the project’s cash flows. Click here to read more . . . .